High Risk California Renters Insurance Explained
California renters insurance is designed to provide coverage for a tenant’s belongings in the event of incidents like theft or fire. Typically, a standard renters’ insurance policy is relatively inexpensive however, this might not be so if your rental apartment is assessed as high risk. Even if your rental is initially assessed as high risk, a few small changes might make you eligible for some discounts.
• Security: an area with high crime statistics may mean your rental is categorized as high risk. In this case you could consider upgrading your home security. Installing a security system along with deadlocks on your doors and quality locks on your windows (with your landlord’s permission) may help keep you safe and might reduce your insurance premiums.
• Location: should you still be choosing a place to rent, consider a gated community or a building that has a sign in and out feature, rather than a free-standing apartment or house.
• Fire: is your rental at high risk of a fire? Ideally your rental should have smoke detectors and a fire extinguisher, especially in the kitchen.
It makes considerable sense to save money on your rental premiums by improving the safety and security of your rental apartment. Doing so could improve your own personal safety too. Why not check with your California renters insurance agent about specific changes that might qualify you for reduced rates on future insurance?