How much renters insurance do you need?

Did you know that a landlord in Pismo Beach, CA is not required to provide a financial safety net for you should a natural disaster destroy your possessions in your apartment? The property owner’s main intent is to protect his investment. You, too, should think along these lines by purchasing a renter’s insurance plan that covers your financial losses when the unexpected happens. 

What is renter’s insurance?

The agents at Neff & Associates Insurance Services Inc can provide a full explanation about renter’s insurance. In short, though, a renter’s assurance plan is a policy that protects your possessions when the unexpected causes damage to your apartment. A good plan may pay for your furniture and appliances ruined by a leaking pipe. Some renter’s assurance policies also cover personal injury that a friend suffers while visiting your home. 

Why is renter’s insurance necessary?

The structure of your apartment or home in Pismo Beach CA is covered under your landlord’s assurance policy. Your keepsakes, however, are not covered under the same policy. You cannot even count on your landlord’s indemnity plan to pay for relocation fees in the instance of you having to live in a hotel for a few weeks so that repairs to the structure can commence. A renter’s insurance plan, however, may be able to help defray the cost of emergencies so that you do not have to rearrange your budget as much. 

How much renter’s insurance do you need?

The amount of renter’s insurance you need depends on your lifestyle. It is best to speak with an agent at Neff & Associates Insurance Services Inc about assurance plans to ensure that you get the policy that works best. Call us today to get started with a quote!