Why do I need renter's insurance, I don't have much stuff?
Renter's insurance is important to protect you from financial loss should your belongings be damaged, stolen, or destroyed as a result of an insured incident. It also offers liability protection for you should you be liable for damages to someone else. Chances are, you probably have a higher value of belongings than you'd imagine. Add up every single thing in your home that belongs to you... every blanket in the closet, all the dishes and kitchenware, every DVD and video game you have. It adds up quickly! Make sure you are able to maintain your quality of life after a disaster... cover your tail feathers with a Goose Renters Insurance policy!
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 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 like kind and quality if they're destroyed or stolen (up to the dollar limit of coverage you select). This is important to have on your policy to prevent from your loss being subject to depreciation!
What will the liability coverage do?
Liability insurance protects you if you are sued for injuries or property damage that happen to someone else. For example, what if your dog bites someone... 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! Don't go through that alone.. our renter's insurance policies come with $100,000 of liability coverage and will pay for your defense as well (up to your policy's limit).
Are there any special limits of coverage for certain types of property I own?
Yes, this is common for most renter's policies. Goose's renter's policy provides theft and burglary coverage for watches and jewelry up to $500 per item (up to a max of $1,000). There are also sub-limits on stolen 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. The premium is fully earned on the effective date and refunds aren't permitted.
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.