California Renter's Insurance: Points to consider

Are you a California resident who is planning to rent home rather than buying it and not thinking that you need renters insurance! Stop for a while and think, it’s just as important to take out adequate insurance if you rent, irrespective of whether you live in a house, townhouse or condo. Home insurance in California is relatively inexpensive, easy to apply for and provides coverage and protection for you and your valuables, whether you are a student, homemaker or senior citizen.

California, no doubt is one of the most expensive states to live in, not only in case of house prices but also when it comes to the cost that renters pay for a place to live, with monthly rents well above the national average in many cities. In a situation where you are paying a lot for your rent, it becomes absolutely necessary to have California renters insurance to protect your valuable possessions from any loss or damage. Although, your California landlord may have coverage, but this won’t help renters as in most cases, landlord’s insurance will not cover any loss or damage to the personal possessions of you or your family.

As a renter, you might think that you really don’t need to have California renters coverage as you don’t have that many possessions. However, once you start adding up the cost of all the things that you own, you may be surprised to know the amount you own which is not covered under any policy. The amount include things such as furniture, clothing, computers and electronic equipment, books, sporting equipment, collectible items, jewellery and other miscellaneous items.

1) While assessing the value of items for your California renters insurance policy, always prepare a list of your possessions along with their values, and make at least one copy and keep it somewhere outside your home; ideally in a safety deposit box at the bank. It is also advised to take photographs of some of your items, particularly anything especially valuable or unique.

2) You can also consider raising your deductible amount, which will also help to lower the premium cost, although you will then have to pay out more in the event of a claim. If you are shopping around, try varying the deductible amount for comparison. If you have a good credit score, it may get you a discount on your California renters insurance, as well as having certain security and safety devices fitted in the apartment for example a smoke alarm, fire extinguisher and deadbolt locks.

3) One of the advantages of having California renters insurance is the fact that it covers your personal possessions. Apart from this, the policy also covers any damage to another person's property, accidents that occur in your home and any unauthorised transactions on any of your credit cards. If you are renting another person's room or house, it can provide some additional peace of mind and protection.

4) If you are a west coast resident, you need to be prepared for the possibility of an earthquake. One thing that California renters insurance does not cover is damage from earthquakes, or from flooding. Don't forget to purchase separate policies to cover against flood and earthquake damage; any damage caused to your residence that is due to inadequate maintenance is also not covered under the California renters insurance policy.

Whether you need, Home Insurance California, Home Insurance San Diego, Homeowner Insurance San Diego the insurance experts and professionals can provide you with the right coverage at a price that fits your budget.