telephone icon(410) 312-7800
mcfarlin logo website preheader
Business Personal Bonds Benefits

couple in apartmentDo you have a floater on your renters insurance plan? For many people, this term isn’t familiar, but it may be an important addition to your renters insurance policy. A floater is simply an additional level or layer of insurance that adds more coverage or specific coverage to your plan. On a standard renters insurance policy, floaters can help to protect against what the basic plan does not. And it can add a higher claim limit as well. In short, it gives you more protection. Who needs this type of coverage?

What Your Standard Policy Covers

A standard renters insurance policy will cover protection for most of your assets from perils such as fire, theft and vandalism. It also provides a level of liability insurance to cover accidents that may occur on your property by visitors. However, the policy will have a limit on how much it provides. If, for example, your policy has a theft limit of $2,500, anything beyond that is not covered.

How Floaters Can Help You

For many renters, having the basic level of insurance is simply not enough. Here are a few reasons why you should upgrade your existing policy:

  • You have highly valuable assets. This may include collectible items, jewelry, highly valuable electronics or other items. If these items have a high value, they may be higher than that of your claim limit. Protecting specific items is often necessary.

  • You want to reduce the liability risks you face at a higher level. Liability insurance on many renters insurance plans is minimal. Yet, if a child is hurt while visiting you, those bills could amount to thousands of dollars worth of loss.

It can be a good idea to talk to your insurance company about your need for a higher amount of coverage. For many people, renters insurance is very inexpensive. As a result of this, it may simply make sense to purchase a floater to add another layer of protection especially when it may be inexpensive to do so. For more peace of mind and financial protection in the biggest risk situations, consider the various reasons you should raise your limit through a floater policy. By doing so, you may inexpensively be able to protect from a higher level of risk.

We’ll help you get the right coverage. Call McFarlin Insurance Agency at (410) 312-7800 for more information on Maryland renters insurance.
Posted 6:56 PM

Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

View Mobile Version
Connect With Us: Social Social Social Social

Visit Us

McFarlin Insurance Agency, LLP
8325 Guilford Rd, Suite A
Columbia, MD 21046

Phone: (410) 312-7800
Fax: (410) 312-7808

Site Links

About Us
Business Insurance
Personal Insurance
Customer Service
Contact Us
Powered by Insurance Website Builder