Renter’s insurance has become a lot more common these days because many are renting for much longer than they used to. If you are renting from a professional landlord it’s even likely that you’ll be required to maintain a renter’s insurance policy.
You may think that loss to your belongings will be covered by your landlord’s policy, but that is not the case. You need to have your own insurance to cover you for loss to your personal property. Having this coverage will protect you, subject to your deductible, for fire, theft, and many other perils. You are even covered for losses to your personal property anywhere in the world, including a theft of your own property from your own vehicle.
Additionally, renter’s insurance will cover you in case you are sued for bodily injury or property damage that you may cause to someone else. It may seem strange but if you injure someone while riding your bike, a renter’s insurance policy will cover you for their injuries and other claims against you.
Even if you are renting from a private landlord, the minimal cost of a renter’s insurance policy will make certain that your possessions are protected from loss. Remember to consider a limit that will cover you to replace your clothing, electronics, pots and pans, furniture and other possessions.
You can also individually schedule high valued items like jewelry and artwork.
I’ve had a lot of success at providing this insurance to renters for free. By pairing up your auto insurance with a renter’s insurance policy, depending on the limits that are right for you, the multi-policy discounts may be great enough to cover the entire cost of the renter’s insurance policy. Call us to find out if it is at 925.737.1560, or go online for a Bay Area renters insurance.