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5 September, 2019 0
apartment buildings, protection offered by renters insurance

Why It’s Beneficial to Carry Renters Insurance

Why you shouldn’t skip out on renters coverage.

When you rent a home or apartment, your landlord is responsible for any damages that the structure may sustain. Because of this, many renters do not feel the need to secure the proper insurance coverage. However, having the right renters insurance in Los Angeles, California, comes with many benefits. Here’s why you can’t miss out on this essential coverage.

What Does Renters Insurance Cover?

As the name suggests, renters insurance is a special type of policy designed with a renters’ coverage needs in mind. Because you are not responsible for the physical structure of your rental home, renters insurance does not include dwelling coverage as home insurance policies do. However, a renters policy still offers personal property, personal liability, and loss of use coverage to protect your finances in the event of a major damage or liability event.

How Renters Insurance Can Protect You

  • Protection from Theft– Even if your rental is in a safe part of town and is equipped with updated safety features, this isn’t always enough to deter criminals. Should your rental home or apartment get broken into, then your renters policy will offer coverage for the personal items that are stolen or lost.
  • Protection from Guest Injuries– If a guest injures themselves while on your rental property, then there’s a good chance that you will be held liable. Luckily, with renters insurance, you can use your personal liability coverage to pay for your guest’s medical treatment and, if necessary, your legal bills.
  • Protection from an Uninhabitable Rental– Following a major natural disaster or emergency event, your rental home or apartment may be so damaged that you cannot safely live in it. While your landlord is responsible for making the necessary repairs, it is up to you to pay from your living expenses while the repairs are taking place. If you have renters insurance, then your loss of use coverage will help you cover your living expenses, including things like hotel stays, restaurant bills, laundromat transactions, and so on.

This is why it pays to have renters insurance in Los Angeles, California. Do you need help securing this essential coverage? If so, then contact the experts at Fuller Insurance Agency in Southern California. We are ready to get you the coverage that you need today.

 

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