When you rent a house or apartment, the property itself is protected by your landlord’s insurance. However, you need Renters Insurance to protect your possessions in case something unexpected happens.
How Does Renters Insurance Work?
Simply put, Renters Insurance (also known as tenant insurance) protects your personal belongings if you rent the place where you live.
Your typical Renters Insurance policy provides three types of protection:
- Coverage for your personal possessions: Pays the cost of repairing or replacing damaged belongings, up to the limits in your policy.
- Liability protection: Helps pay for another person’s medical bills or repairs to their property if you are legally responsible for them. It may also cover your legal expenses if you are sued over an incident that occurs in the property you are renting.
- Additional Living Expenses (ALE): Covers the costs you incur if the place you rent becomes uninhabitable.
What Does (and Doesn’t) Renters Insurance Cover?
Renters insurance protects you against many common risks you face as a tenant, including:
- Fire
- Smoke
- Some types of water damage
- Lightning
- Windstorms
- Explosion
- Vandalism
- Theft
If you are interested in getting extra protection, you should consider purchasing Umbrella Insurance, a type of insurance that covers claims that exceed the limits of your existing policy.
Finally, as with any other type of insurance, Renters Insurance comes with exclusions that are worth keeping in mind.
For example, your typical Renters Insurance policy doesn’t cover floods and earthquakes. However, you can get flood insurance coverage by purchasing it as a separate policy. As for earthquake insurance, a policy by the California Earthquake Authority is a great option if you live in the Golden State.
If you are a tenant looking to protect your possessions, contact the experts at RF1 Insurance Services. We will offer the dependable assistance you need to build a policy tailored to your lifestyle.
RF1 Insurance Services: Renters Insurance in Southern California
Looking for Renters Insurance in the Golden State? RF1 Insurance is your trusted local Safeco agency serving Southern California. Get in touch today: our agents stand ready to meet all your insurance needs.
Contact us by email (info@RF1ins.com), telephone (909-359-2067), or social media (Facebook, Twitter, or LinkedIn) for a free quote or to learn more about a full range of insurance solutions.