Most people who rent a home believe they don’t need insurance, since they don’t own a home. However, it is important for those individuals to carry Renters Insurance to protect from liability and loss of personal belongings.
How Does Renters Insurance Work?
Renters Insurance is fairly inexpensive and can run under $200 per year. Not only does it cover the premises where an insured lives, but it also provides coverage anywhere in the world. Renters Insurance provides coverage for things such as clothing, furniture, electronic equipment, and computers. If you are covered, the policy protects you against unexpected disasters such as water damage from a pipe break, a kitchen fire, or theft of your personal items. Also included is personal liability in the event you are found legally liable for property damage or personal injury.
Loss of Use Coverage
Within the policy there is Loss of Use Coverage if your premises is unlivable due to a covered claim, such as water, fire, or smoke damage. Loss of Use will help pay for the costs to relocate temporarily while your home is being repaired. A misconception with renters is they sometimes think that the landlord is responsible for a tenant to relocate when a claim occurs in the home. In reality, the landlord is not responsible; therefore, having a Renters Insurance policy helps provide such coverage.
Bundling Your Renters Insurance
Another advantage to having California Renters Insurance is that it can be bundled with an automobile carrier and you can receive a discount for having multiple policies with one carrier.
If you have questions about Renters Insurance, or would like more information, please call our Carlsbad or Temecula office for a no obligation quote!
- Carlsbad: (760) 795-2002
- Temecula: (951) 296-6833