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Renters Insurance FAQ

Jul 13, 2015

Homeowners Insurance

Renters Insurance FAQ
Do You Understand Your Coverage? Are you one of the many renters who is enjoying each day without the proper protection? There are an overwhelming number of renters who are living in their rented space unprotected, emphasizing the importance of clearing up some of the many misconceptions surrounding this vital safeguard. We have answered a handful of common questions people ask about renters insurance to help you become an informed renter. Questions About Renters Insurance Answered:
  • What is renters insurance exactly? Renters insurance is similar to a homeowners insurance policy as it protects you from various threats. Your renters insurance coverage will protect you when you are held legally liable for injuries or accidents that take place in your rented space. You also receive coverage for your personal belongings under a renters insurance policy.
  • Isn’t renters insurance expensive? Many renters assume that this coverage is just as expensive as a homeowners insurance or auto insurance policy. This is not the case. Renters insurance typically costs less than $20 a month, meaning less than $200 a year. The cost to replace all of your belongings after a loss or recover from a damaging liability claim would be much more expensive than the cost of a renters insurance policy.
  • Isn’t my landlord responsible for insuring my rented space? Yes, your landlord is responsible for the actual building your live in, but not your personal belongings or liability.
  • What if my belongings covered by my policy are stolen while in my car? Your personal possessions will receive coverage whether they are at home, in your car, or anywhere else for that matter.
  Serving Chino Hills, Seal Beach, Los Angeles, Long Beach, and the rest of California, contact Fuller Insurance for all of your renters insurance needs. Allow us to clear up any misconceptions you may have about renters insurance so that you can be an informed and protected renter.
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