Can You Set Up Renters Insurance Before You Move In?

If you are looking to move into a rental apartment, condo or home, you may be looking to obtain renters insurance. One of the questions that we are often asked at The Insurance Shop USA, serving the greater Sandypoint, ID area, is whether you can set up a renters insurance policy before you actually move in. Here is some information you will want to know. 

Wait Until You Have a Signed Lease

If you are looking to take out a renters insurance policy, make sure you have a signed lease in place before you attempt to get a policy. Many people make the mistake of attempting to take out a policy before the lease is a done deal. Unfortunately, until things are signed, they may fall apart. If you take out a policy and your lease falls through, you may be stuck with a non-refundable first payment and wasted time. 

Your Policy Can’t Start Until Your Lease Start Date

Next, it is important to understand that while you can set up your renters insurance policy before you actually move in, the effective date must match the effective date on your lease. Some people begin to move their belongings in a few days before their lease actually starts and try to start their renters insurance a few days early to protect the items they have moved there. However, your policy only protects you while are under an effective lease. If your lease is not yet valid, your policy will not yet be either. 

If you are preparing to move and looking for a new renters insurance policy in the greater Sandypoint, ID area, let The Insurance Shop USA help. Call us today to get a free quote or to get started putting the perfect policy for you together. 

Wedding Insurance 101: what it covers and why all bride and grooms should consider it

When people plan a wedding, there is so much time and energy spent on the important details such as the guest list, the food, the band and the flowers. With so much going on during the process, many couples neglect to think about protecting the significant financial investment of the wedding itself. However, there are some great insurance policies available to make sure one is protected financially in case something goes wrong on the big day.

Many people wonder what wedding insurance protects against. There are two types of coverages available in the marketplace. The first coverage is referred to as cancellation and postponement coverage. In the event, that your wedding must be canceled or postponed, this policy will protect you from any financial loss. It is important to note that this coverage is not meant to reimburse you should you decide not move forward but for reasons out of your control such as the venue closing or severe weather. If you are planning a winter weather in Sandypoint, ID,  it is critical to protect against a delay due to weather!

The second coverage available is a liability policy that will protect you financially in the event someone is injured at your wedding or damage is caused by one of your guests. You will also want to check the contract you have with the venue as many businesses will require this coverage. If it is necessary, you should share the contract with your agent at The Insurance Shop USA to ensure you are carrying the required limits.

No bride or groom wants to think of a situation in which a wedding could be canceled or a guest being injured. However, it is important to remember that a wedding is a significant financial investment and should be protected. If you would like to learn more about wedding insurance, please reach out to us at The Insurance Shop USA, we proudly serve the Sandypoint, ID area.