Individuals who rent their homes need to understand the importance of having coverage against things like vandalism, fire, theft, floods, earthquakes, and other natural disasters. Unfortunately, sometimes they choose not to insure their property against the occurrence of an incident with liability insurance for rental property. However, when a property owner decides to lease a property, different liability and safety conditions need to be considered. There are rental insurance policies that can be put in place for these situations.
A California renters insurance policy can help protect your personal property from fire damage, theft, and vandalism while also providing liability protection for your visitors and guests. Given electronics, jewelry, clothing and more, research has shown the average renter owns thousands in personal property.
Your California renters insurance policy usually includes :
- Personal Property Protection - Covering the loss or damage of a renter's personal belongings usually on and, in most cases, off of your premises
- Liability Protection - Providing legal representation and protection against judgments for covered events
- Liability Protection - Providing legal representation and protection against judgments for covered events
- Guest Medical Protection -generally covers medical costs for visitors injured at a renter's home
- Reimbursed Living Expenses - Reimbursement for costs of temporary housing, should it be necessary
There are a variety of ways to save with California renters insurance, discounts for:
- Monitored fire and burglar alarms
- Dead bolt locks on all exterior entryways
- Fire extinguishers
- Fire Sprinkler systems
Purchasing a California Renters insurance coverage combined with a California auto insurance or other policies will also provide discounts. Purchasing California renters insurance ensures that your property is protected. Don’t make the mistake of thinking that it cant happen to you. Its wise to insure your belongings, even if you live in a rental property.
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