What is Protected
The standard Renters Insurance policy usually covers big-ticket items like electronics, furniture, plasma televisions, entertainment systems, jewelry, appliances, as well as clothing. Hey, a new pair of True Religion Jeans could run you $300.00! Wouldn't it be nice to have the peace of mind that the $20,000 wardrobe you are so proud of is covered in the event of a disaster? Could you replace everything in your home easily if it all was lost? Your belongings are often worth more than they think. Just for fun, take the time to put pen to paper , and add up the replacement value of all your belongings. More then you thought, isn’t it? It is amazing how easily things can add up! That's one reason why you need Renter’s Insurance.
Now that you know have gone through adding everything up, you know how much coverage you will need to acquire. You can get tens of thousands of dollars worth of property and liability insurance at roughly $1.00 per day, depending on the insurance company, where you live, and how much you need covered. Keep in mind that, when shopping around, there are different types of coverage's like full replacement, loss of use, inflation coverage, and additional living expenses, just to name of few. It is important that you make sure that you are getting the coverage you need, and expecting, so make sure to ask a lot of questions, and read all the fine print.
- Coverage for Personal Property May Include
- Fire or lightning
- Weight of ice, snow or sleet
- Explosion
- Aircraft and vehicles
- Smoke
- Sudden and accidental tearing or bulging of heating or cooling systems
- Windstorm or Hail
- Theft
- Riot or Civil Commotion
- Falling objects
- Vandalism or Malicious Mischief
- Sudden and Accidental Water Discharge from Plumbing or Appliances
- Freezing of Plumbing systems
If you need additional coverage for a specific area, or are concerned with other potential hazards, talk with a reputable California Renters Insurance Agency, and they will assist you in matching the right coverage for you within a budget you can afford.
Make sure that you know the special limitations that apply to certain types of property
Ok, so now that we know the value of our property, what potential hazard we want to include, it is now time to begin our online search for a reputable California Cheap Renters Insurance Agency.
How to Save Money on Your Premium
Shop around online, comparing policies and rates for the best renters insurance coverage. Laser target your search by searching for cheap renters insurance, best renters insurance, discounted renters insurance, or just renters insurance + the city you live in. So if you live in Los Angeles, you would put Los Angeles Renters Insurance. If you live in San Francisco, you would search Cheap Renters Insurance San Francisco. Simple, right?!
Look for a higher deductible! Remember, higher deductibles will lower your monthly premium, but increase the amount you must pay out of your own pocket if a covered loss occurs. Simply increasing your deductible from $250 to $500 or even to $1000 can save you upwards of 15 to 30 percent, depending on the renters insurance company you contact in California. Keep in mind that this coverage is for a major loss of property, and is not meant for little losses or damages. Filing renters insurance claims can and will most likely raise your rates. With this in mind and the likelihood of such damage, being minimal, higher deductibles can make a lot of sense. Make sure to have your insurance agent provide multiple renters insurance quotes so see you can compare how little tweaks to your coverage can make your premium more affordable.
Ask your insurance agent about available discounts. Items like alarm systems, smoke detectors, deadbolt locks, storm shutters, hurricane proof glass, etc may not make a huge difference in your monthly premium, but let's not look a gift horse in the mouth shall we?! Hey, every little bit helps, especially in these times, and this is probably not an expense that you have budgeted for, or maybe even thought of until now, right? Ok then, let's move on.
Multi-Policy Discounts can also be a nice way to save that cash, but don't just buy renters insurance from your auto, or home insurance agent, just because of the multi-policy discounts. Though going to your current insurance agent is a great start you need to be sure they can handle your needs. First, they may not even offer renters insurance policies in your market, especially if you live in a high-risk area. Also, your current insurance company may be great for car insurance, or home insurance, but may not have the lowest rates or the best coverage for renters insurance. I mean you did your homework, and research before you purchased you automobile insurance, didn't you? If you did there is a good chance you are already on board with a quality insurance agency, and you should utilize that relationship as much as you can. An insurance agent, who knows you, and the needs of your family, will make it easier to really help you save money, while providing with the actual coverage you need. NO MORE...NO LESS!
All right, now it is time to put this new found information and plan to work. Remember, these are just a few of the things you should know about renters insurance, and how to find the best renters insurance rates in California. However, if you utilize anything at all from here, then we promise you will be better educated and more prepared to get the property & liability coverage you need, at discounted rates, no matter whether you live in San Francisco, Los Angeles, Oakland, Stockton, Sacramento, Northern, Southern, or anywhere in California. Good Luck! (But you won't need it, because you have been educated!)http://www.cheapinsurance.com/products/renter
