renters insurance arcadia caAre You Safeguarded With The Insurance Coverage You Need?

In California, we get it all. We get the beach and the mountains. We get mild winters and ample opportunity for cultural experiences. We have film, music, sports, and nature loving communities. We also, unfortunately, face higher risk of disasters like earthquakes, fires, and floods than much of the country.

While homeowners have taken these risks seriously and have, by and large, secured homeowners insurance, a poll conducted by the Insurance Information Institute last year found that just 38 percent of renters were carrying coverage to protect their personal property.

As a renter, it is crucial that you know that your landlord’s insurance does not protect your belongings. That means that even if he or she rebuilds your building after a fire, he or she is not responsible for reimbursing you for any property that was burned away or damaged. How do you protect all of your valuables? Fortunately, the answer is easy- with renters’ insurance.

Renters’ insurance is very affordable, generally costing between $15 and $30 a month. Beyond protecting your property, your renters’ insurance will also protect your liability if someone becomes injured in your rental. That means that a disgruntled guest suing you after slipping will not mean you foot the bill for a drawn out legal battle.

When you pick your policy, determine if cash value or replacement coverage will be right for you. Cash value is generally more affordable, but it takes depreciation into account when doling out your reimbursement. Replacement coverage will cover your cost of replacing your items new today.

Are your valuable, treasured belongings protected with great renters insurance? Contact Weaver & Associates Inc. in Arcadia for all of your California renters’ insurance needs. Our dedicated team is here to help you get the coverage you need during the upcoming special enrollment period.