It’s time you safeguard your apartment or rental home property with renters insurance. Renters in Los Angeles, California and other key cities usually do not consider insurance usually because they are not making an investment in real property. But when disaster strikes, it doesn’t differentiate between rented apartments and owned properties: renters face the same risk as homeowners and it could be financially devastating.

California Renters Insurance
Most renters policies available in Los Angeles, California and other key cities are closely related in design to homeowners insurance policies and combine protection against a number of perils in a single package policy. The primary difference is that California renters insurance does not provide California apartment insurance for the property structure.

Just like other forms of insurance in Los Angeles, California, renters will choose the amount of coverage and deductible, and pay a monthly premium based on these. The amount of coverage that renters choose should account for the value of their belongings in the apartment and offer enough coverage protection in case of an emergency.

Benefits of a California Property Insurance
A typical California renters insurance policy can provide California property insurance protection of your apartment for the following.

  • Personal property including furniture, appliances, or clothing
  • Loss of use or additional living expenses brought by damaged apartments where the renters need to stay in hotel, eat out, rent other unit while the apartment unit is being repaired.
  • Protection from personal liability for bodily injury or property damage if a third party is accidentally injured in your apartment or needs medical treatment.
  • Building additions and alterations made by the renters in the apartment such as paint, wallpaper, carpets, drapes, and blinds.

A standard Los Angeles renters insurance policy, or the HO-4 policy, covers losses to personal property from 16 types of perils which include: fire or lightning; windstorm or hail; explosion; riot or civil commotion; damage caused by aircraft and vehicles; smoke; vandalism; theft; falling objects; and weight of ice, snow, and sleet. Damages on the property due to earthquakes, volcanic eruptions, landslides, water damages, flood damages, wear and tear, war, nuclear hazard, and intentional loss are excluded from the coverage.

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