Renters insurance protects a policyholder if they cause damage to the property. However, it helps to create an effective policy that has liability coverage as a safe cushion for your financial wealth. Alta Vista Insurance Agency in Carlsbad, CA can assist with answering questions about renters insurance.
What is Renters Insurance?
Renters insurance protects your possessions from damage that could occur to the property. The property owner’s insurance only covers the structure and all negligent damage. Renters insurance protects your personal property from theft, vandalism, and damage during a natural disaster. Also, the policy will pay for staying at a hotel if the residence is inhabitable during repair work.
What Type of Coverage in Renters Insurance
All renters’ insurance policies should include liability coverage for any potential accident inside the dwelling. The policy will protect you from being sued by another party who was injured or had their property damaged in the accident. Liability coverage pays for medical care and replacement items for damaged property. Also, it will cover all legal fees in a lawsuit.
Personal property needs protection from potential damage done by weather-related issues, electrical malfunctions, plumbing leakage, fire, theft and vandalism. Renters insurance will pay for replacement items and other expenses from the accident.
Is Renters Insurance Required in California?
Renters insurance is not required by California law, but high-end apartment complexes or home rental agreements may require the occupant some form of coverage. Other renters feel it is necessary to have some protection in locations susceptible to wildfires or landslides. You cannot be evicted for failing to have renters insurance. However, a property owner may include a renters insurance stipulation in the lease agreement. It is never a bad idea to protect your personal property from damage.
If you need more information about renters insurance, contact Alta Vista Insurance Agency in Carlsbad, CA. Our staff is happy to answer your questions and concerns by explaining the advantages of having renters insurance. Call and schedule an appointment today.