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903-509-1300 • 728 WSW Loop 323 • Tyler, TX 75701

Renters Insurance FAQ

Does Renters Insurance cover items stored in my car? Return To Top

Renters insurance can protect the items you keep in your automobile, but be sure to check the policy for restrictions.

How are losses settled? Return To Top

Losses are settled with two basic methods: replacement cost and actual cash value.

Actual Cash Value

This method costs less, but also pays less, since it accounts for depreciation. For example, if you bought the latest digital camera for $450 three years ago, you might only be reimbursed $100 for it today. Basically, you are paid the cost of buying that same camera with three years worth of wear and tear.

Replacement Cost

At a higher cost, we offer policies that will pay you the dollar amount it costs to replace your lost possessions today, without any deduction for depreciation, subject to your deductible.