Why do I need renter's insurance & how much coverage should I choose?
Consider all the moveable property you own in your home - clothing, living room, bedroom furniture, electronics, dishes & kitchen stuff. Go room by room. Imagine if you had to go out and purchase everything again because of a fire - how much would it cost? That's the amount of coverage you should choose. Goose's Renter's policy provides a 'Replacement Cost' basis of settlement, meaning your belongings will be replaced with new items (of similar kind and quality) if they're destroyed or stolen (up to the dollar limit of coverage you select).
What will the liability coverage do?
Liability insurance protects you if you are sued for injuries or property damage that happens to someone else, and can help pay your legal bills. For example, what if your dog bites someone and takes you to court? Even if that person is not badly injured, they can sue you personally for damages, including medical costs, as well as pain and suffering and lost wages in some states! Goose's $100,000 liability coverage is a great way to protect you from the unexpected.
Are there any special limits of coverage for certain types of property I own?
Yes, this is common for most Renters policies. Goose's Renters policy provides theft and burglary coverage for watches and jewelry up to $500 per item (up to a max of $1,000). If loss is due to theft, there are also sub-limits on firearms, business property, and items that are temporarily away from your home... check the policy wordings for the full list.
Can my roommate and I get one policy to cover both of us?
Your policy will not provide coverage for any roommate's belongings. Each unrelated renter must buy their own policy to have coverage.
When does the policy expire?
The coverage renews monthly and continues until it is canceled.
Who underwrites this policy?
Renters Insurance is underwritten by Markel American Insurance Company and produced by Goose Insurance Services Inc, a licensed insurance agency. Markel was founded in 1930 and has 'A' ratings from S&P and A.M. Best for Financial Strength and an overall outlook of 'Stable'.
How do I report a claim?
To report a loss, you should notify Boost by calling 1-800-236-3113.