How much is renters insurance?

Are you trying to find out how much does renters insurance cost? According to a recent study by Lending Tree (Quote Wizard) the average cost for renters insurance in California is $180 per year. Please keep in mind this is an average, the cost of your renters insurance can be different from a family members renters insurance in a different city. The amount of coverage you need and the neighborhood you live in play a major role in determining your renters insurance rate.

The average cost of renters insurance will range from $10 to $22 a month. This example is taking in consideration coverage amounts of $25,000 for personal property & $100,000 in liability coverage. 

As you can see, the cost of renters insurance is incredibly low for the level of financial protection it provides. If you’re interested in getting a personal renters insurance quote, call one of our wonderful agents today. They are standing by to answer all of your questions regarding renters insurance in Sacramento, Lodi, or Roseville California. 

[click here to call an agent today]

What is renters insurance

A couple questions most of us ask ourselves is what exactly is renters insurance and do I need renters insurance? Renters insurance is a type of property insurance that is designed to cover the insurance policy holders personal belongings. Renters insurance policies include liability coverage and sometimes will cover living expenses in the event of loss.

Does homeowners insurance cover me as a renter? In short, no. Homeowners insurance will provide insurance protection for the homeowner. If you rent the home you live in, & need financial protection for yourself, you should look into a renters insurance policy. 

Our agents at Eugene C Yates Insurance Agency can help you find a renters insurance policy that fits into your budget and at the same time provide the protection you need for your belongings. Our process is fast, simple and affordable. All you have to do is give us a call and we will walk you through the steps to getting great insurance rates.

[click here to call an agent now]

How to get renters insurance

Getting renters insurance is fast, simple and affordable when you do business with a reputable insurance broker like Eugene C Yates Insurance Agency. We can help you figure out what is and is not covered under your landlords home insurance policy, we will help you to compare insurance companies as well, so you know you’re getting the best value for your money. 

We can also help you to decide estimate values on your personal property so you know the exact amount of renters insurance you actually need. We will also help you to get amazing quotes from some of the best renters insurance companies on the market. 

All you have to do is give us a call. You will find our process to be fast, simple to navigate and incredibly competitive. Overall, we will do our very best to get you an amazing renters insurance policy that will cover all of your needs. 

[click here to call an agent now]

Does renters insurance cover theft

You might be able to replace stolen property if your renters insurance policy includes personal property insurance coverage. This type of insurance coverage can protect you from break ins at your rented property. Some times it will also cover personal property stolen outside of your rental unit.

Now while renters insurance does at times cover theft, there are specific items to each policy. When writing your policy make sure you get coverage on the items you can not do without. 

What does renters insurance cover

Most renters insurance policies include 3 different types of coverage. Personal property, liability & some times additional living expenses. Personal property coverage will help pay to replace your possessions if they are stolen and / or damaged by a covered insurance risk.

Most renters insurance policies are designed for individuals who rent an apartment, condo, or a home. It covers personal possessions in the case of accidental damage or covered losses such as fire or theft.

Does renters insurance cover bed bugs

Usually renters insurance will not cover bed bugs. As well as any other type of nesting or infesting creature. This is still pretty standard even if you are forced to make different living arrangements. 

Most enters insurance policies only cover loss when it’s a direct, physical loss. Some types of renters insurance might only cover sudden, physical loss. Bed bug infestations occur over long time. So it will not be considered a direct or sudden loss. Most renters insurance policies will not cover standard maintenance.

How does renters insurance work

At Eugene C Yates Insurance Agency our renters insurance policies provide financial reimbursement to cover a renters lost or damaged belongings from the result of fire, theft or vandalism. Renters insurance will also cover a renters liability in the event that a visitor is injured on the rented property.

Most renters insurance policies are affordable for people who rent the place they live, protecting against the loss of personal belongings. Some types of liability, & temporary relocation if a rental unit becomes uninhabitable due to a covered event. It’s relatively easy to understand, many new and experienced renters may wonder how does renters insurance actually work. Like all insurance, take the time to learn about different insurance coverage and get familiar with various insurance companies as well.

How much renters insurance do I need

The standard renters insurance policy will offer $100,000 in liability coverage. For most tenants, this amount is enough to cover their belongings. Please keep in mind, if you have company often at your rental or if you have assets that exceed that amount, you should probably consider an amount of renters insurance equal to at least the total value of your belongings.

If you still have questions or would like a personal renters insurance quote, give us a call. Our lovely agents would be thrilled to speak with you today.