If your rental unit becomes uninhabitable due to an insured loss (like a fire or major flood), BrokerLink policies include:
This is the heart of renters insurance. It protects the tenant’s belongings—furniture, electronics, clothing, kitchenware, and even sporting goods—against named perils. Standard perils include fire, lightning, theft, vandalism, smoke, windstorm, and water damage from burst pipes (but not flooding from external sources unless added). BrokerLink’s brokers help clients distinguish between actual cash value (ACV) and replacement cost value (RCV) . ACV deducts depreciation (a five-year-old laptop is worth a fraction of its original price), while RCV pays to replace the item with a new one of similar kind and quality. While RCV has a higher premium, BrokerLink professionals often strongly recommend it, as ACV can leave renters undercompensated after a major loss. brokerlink renters insurance