Renters insurance in Sacramento, CA
If you’re renting an apartment or a house, you might think that insurance is only for homeowners. But the truth is, renters insurance is just as practical and essential. If your place gets broken into or a fire destroys your things, replacing your furniture, electronics and other personal items can put a big dent in your finances.
What Is Renters Insurance?
Renters insurance is a type of policy that may cover your personal belongings within a rented space. Unlike homeowners insurance, which covers the structure itself, renters insurance focuses on your possessions. This means if something unfortunate happens, such as a burst pipe or a break-in, your insurance may help cover the cost of replacing your items.
What Does Renters Insurance Cover?
Renters insurance may offer financial protection against various situations that could occur while renting, including the following:
- Theft
- Fire damage
- Broken or leaking pipes
- Vandalism or malicious acts
- Snow damage or ice collapse
- Severe weather events (e.g., hail, wind and lightning)
A standard renters insurance policy may include the following coverages:
- Personal belongings coverage may pay for damage to items such as clothing, furniture, electronics and sports equipment.
- Personal liability coverage may pay for costs resulting from bodily injury or property damage you caused to a third party.
- Loss of use coverage may pay for meals and hotel stays if your rental becomes temporarily uninhabitable due to a covered loss.
How Much Renters Insurance Do I Need?
The amount of renters insurance you need depends primarily on the value of your possessions. Taking an inventory of your items can help you assess their total value. Getting enough coverage to replace these items at current market value is a good idea.
Secure Renters Insurance
WA Insurance Services offers affordable rental insurance solutions that can be customized for your specific needs. Contact us today to get started.