Renters or homeowners insurance will not protect your
items against:
Of course, accidents like these happen. If you drop your phone
without a protection plan, you'll be on your own for the
screen replacement, which could cost up to $250. But with an
AKKO plan, your coverage would nearly pay for itself within
the first year!
Renters and homeowners policies do cover theft; however, your
policy will typically have a $250 - $1,000 deductible.
Furthermore, if you make a claim through those policies, your
rates may increase because the claim gets reported and added
to the equivalent of your “credit score” for insurance.
So would it ever really be worth it to make a renters
insurance claim if your $800 smartphone got stolen? Probably
not. But with
a low-deductible AKKO plan (deductibles as low as $29 and
never more than $99), the entire cost of repairing or replacing your device will
be covered! Equally importantly,
your rates will never go up, no matter how many claims you
make.
Finally, as many people learn the hard way,
auto insurance does not cover items stolen during vehicle
break-ins; it will only cover damage to the vehicle itself. However,
an AKKO plan will cover your items if they're stolen or
damaged in a break-in, and you'll still only pay your
deductible.
Note: Integrated car accessories or audio equipment like
speakers and decks are not covered; see
What's Not Covered
in our FAQ for the full list of exclusions.