Do You Need Renter’s Insurance for a Short Lease?

You might be in a period of transition and that’s okay. Many Pismo Beach, CA renters right now are opting for shorter lease periods to accommodate the uncertainty going on right now. But, that often leads to a lot of questions about renter’s insurance policies and when you need to get one. Here’s what you need to know from our Neff & Associates Insurance Services Inc. team.

General Rule of Short Term Leases

When it comes to getting renters insurance, there’s a general rule of thirty days you need to pay attention to and follow. If you are staying in a particular location for over thirty days, you’ll want to get renter’s insurance.

Renters insurance helps replace or repair your personal belongings in the event of a covered loss and offers some liability protection, so it only makes sense to get a policy if you plan on being in the same location for over a month. And the rates are really affordable, too. This makes it easy to obtain, use for a few months as needed, and then transfer to a new property or cancel when you no longer live in the same location.

What About Renting a Room on a Share Platform?

When it comes to renting a room on a shared platform like Airbnb, you want to be careful. In most cases, the landlord has a policy that is an extension of his or her homeowner’s insurance that helps cover your personal belongings as long as your stay is less than thirty days. Any longer than that, you’ll want to consider obtaining some form of a renters insurance policy. Likewise, if you have renters insurance or homeowners insurance elsewhere and your stay is ultra temporary, there’s no reason to obtain additional coverage.

Are you ready to learn more about getting renters insurance in Pismo Beach, CA? Please contact our Neff & Associates Insurance Services Inc. team to schedule an appointment.