Renters’ insurance is one of the most misunderstood types of insurance. Knowing that more than half of renters don’t have renters insurance says a lot about how its value is not recognized. At Neff & Associates Insurance Services in Pismo Beach, CA, our experienced team knows the value of renters insurance and how it can make your future more secure. We are happy to share our knowledge and find an insurance product that is a perfect fit.
If you have any questions about renters insurance, you are not the only one. We hope we will answer some of them for you here.
Do I have to have renters insurance in California?
No, renters insurance is not mandated by the state. However, it may be required by your landlord. You need to read your lease carefully to know precisely what is required of you.
Doesn’t the management company have insurance coverage?
Yes, undoubtedly they do, but that is not going to help you. It covers their building and what belongs to them. It doesn’t cover any of your property, nor does it give you personal liability protection.
Does renters insurance have personal property coverage?
Yes, it does. It comes in two varieties; either the current value or the replacement value. The current value is less expensive since it allows for depreciation. This coverage will cover your stuff after a deductible, whether in your rental or with you away from home.
Does renters insurance include liability coverage?
Yes, it does. If someone is injured while visiting your rental or by a member of your family, this insurance will help cover any medical bills and offer protection if you are sued. It can pay a judgment as well as legal expenses.
Contact Neff & Associates Insurance Services in Pismo Beach, CA when you are ready to discuss renters insurance.