The Benefits of Purchasing California Renters’ Insurance
Although your landlord’s insurance policy is likely to provide coverage for the building you rent, it’s important for you to consider protecting your personal possessions with a policy of your own. Should your possessions be stolen or destroyed by fire, the coverage provided by California renters insurance may help you replace your losses, so you can get your life back in order without too much financial stress.
The amount of coverage you purchase should be enough to replace all your possession if they were destroyed, and the only way to know the true value of your belongings is to do an inventory. Once you’ve completed an inventory on paper, if possible, you should add a video record or take photos of individual items (particularly the more expensive items) as additional evidence of your possessions. Keep in mind that standard insurance policies usually have a claimable limit, so if you have valuable items you may need an endorsement for additional coverage.
Should someone be injured in your apartment and file a lawsuit against you, the liability portion of your renters’ insurance policy may help pay for your court costs and other associated expenses.
As you can see, apart from protecting your possessions against an unexpected disaster, California renters insurance offers many other benefits. Remember, all insurances policies may have different terms and conditions so it’s a smart idea to know exactly coverage you want and then purchase a policy that matches your needs. Why not talk to us today?