Renter's Insurance 101
Even though renter’s insurance is one of the most affordable types of insurance out there, it is also one of the most misunderstood. Since many people do not fully understand renter’s insurance, it leaves them uncovered from many situations. Keep these renter’s insurance facts in mind to help make sure that you are properly protected from any peril.
You face liability issues without renter’s insurance – if someone is injured while visiting your home, you can be sued for their injuries. Your renter’s insurance policy will cover any legal costs that are associated with the accident to keep you financially stable.
Your landlord’s policy won’t protect you – even though your landlord will have an insurance policy for the property, it will only provide coverage for the structure of the home, not for your personal belongings that you keep inside. The only way to cover your assets is with ...
Renter's Insurance and Thefts
If you have ever had anything stolen you know what a hassle it can be. The issues can be even worse if your house or apartment was broken into and you are missing many different items. Along with figuring out exactly what was stolen, you also have to figure out how the thief got into your house. Luckily, investing in the right renter’s insurance policy can help to ensure that you are not left paying for the stolen items out of your own pocket.
While your landlord will have an insurance policy for your home, it will only provide coverage for the structure of the home, not for your belongings that you keep in your house. The only way to protect your personal belongings is to invest in a separate renter’s insurance policy. A renter’s insurance policy will provide liability coverage if anyone is injured while visiting ...
Excess Liability Advantages
When you are looking for the right California auto insurance policy, you are required to have a minimum amount of liability insurance. The minimum amount is $15,000 for the death or injury of one person, $30,000 for the death or injury of more than one person, and $5,000 for any damage to property that you cause. While adding extra liability to your policy will lead to higher premiums, it also comes with many benefits, including:
You will be less likely to owe anything out of your own pocket – any damages that exceed your liability coverage will be your responsibility to cover, which may mean digging deep into your pockets to cover the cost. The more liability insurance you have, the less likely it will be that any damages will go beyond your coverage.
PIP is not mandatory in California – PIP, also known as personal insurance protection, will pay for ...
Protection Provided by An Umbrella Insurance Policy
Just like an umbrella is meant to protect you from inclement weather, a personal umbrella insurance policy will provide coverage for any unforeseen perils. While you may think that you have plenty of insurance coverage with your existing personal insurance policies, it may not be enough. Investing in a personal umbrella insurance policy is the best way to ensure that you and all of your assets are safe.
All insurance policies have a limit on the amount of liability coverage that they will provide. An umbrella insurance policy will provide extra liability that goes beyond the liability provided by your other policies. The protection that comes with an umbrella insurance policy will not “kick in” until the liability portion of your other policies run out, to ensure that you are covered from any situation.
A personal umbrella insurance policy will provide coverage for many common ...