Your best friend's apartment has just been robbed,and he had no insurance.What would you suggest to your friend to better protect himself from such losses in the future?

Question

Quizplus · Accepted Answer

Option A suggests purchasing renter's insurance, which is specifically designed to cover losses due to theft, fire, or other damage to personal property. Adding a personal articles floater can provide additional coverage for high-value items such as jewelry, electronics, or artwork.

Option B suggests taking out personal property replacement cost coverage, which allows for the replacement of lost or damaged items at their current market value rather than their depreciated value.

Option C suggests taking a written and video tape inventory of all personal property to be able to provide detailed proof of ownership and value to the insurance company if a loss occurs.

Therefore, all three options (A, B, and C) are important steps that can help better protect against losses due to theft and other disasters in the future.

Your Best Friend's Apartment Has Just Been Robbed,and He Had