Renters Insurance in Huntington Beach CA, Long Beach CA & Los Angeles CA
Renters Insurance Across California
Living in an apartment is a convenient way to save money and lower liability before you’re ready to move into a home. This doesn’t mean that you aren’t responsible for your belongings or actions while living in an apartment, however. Contrary to popular belief, landlord insurance will not cover your personal belongings in case of an incident. Instead, you will need an apartment renters insurance policy.
INM Insurance Services, Inc. is a family-owned insurance agent with a strong background and product knowledge. We will work with you to find a policy that is designed for your needs and your budget.
What Does Apartment Renters Insurance Cover?
The main coverages available under apartment renters insurance include:
Personal Belongings Coverage: Personal belongings coverage provides compensation for loss of or damages to your personal items due to fire, wind, hail, lightning, smoke, theft, vandalism and more. There may be certain limitations for expensive items such as jewelry, furs and art. You can purchase additional policy floaters to cover these items, however.
Liability: Personal liability insurance covers bodily injury and property damage that may occur on your property. For example, if someone trips and hurts themselves in your apartment, liability insurance can cover their medical bills and protect you in case of a lawsuit. This extends to damages and injuries you or a family member may cause, including certain pets. If your dog bites someone, renters insurance may cover the injuries and possible legal expenses.
Additional Living Expenses: Additional living expenses provides monetary assistance in case the apartment unit or complex is rendered uninhabitable due to a disaster.
Unlike home insurance, apartment renters insurance does not cover the physical apartment complex or your unit. Instead, the physical apartment should be covered by your landlord’s property insurance.
What Affects the Cost of Apartment Renters Insurance?
Renters insurance premiums depend on a variety of costs. This includes your location, credit score, your proximity to a fire house, amount of coverage, deductibles, pets and discounts. Certain pets can raise your insurance rates while building your credit can save you money on monthly premiums. A higher deductible can mean lower monthly premiums, but this also means paying more out of pocket when it comes time to file a claim.
Ask an INM Insurance Services, Inc. agent about how you can save money on apartment renters insurance today.
Get Insured Today
Don’t wait until a disaster to get insured. Connect with a dedicated INM Insurance Services, Inc. agent by calling 562-493-3756 or fill out an to get started today.
Common Apartment Insurance Questions
What is the Average Cost of Renters Insurance?
The average cost of renters insurance can vary depending on several factors. Most renters pay around $15 for renters insurance depending on their coverage limits, deductible and other influences.
How Much Renters Insurance Coverage Do I Need?
Every tenant is different. Your renters insurance needs may be different than your neighbor’s. Overall, you need enough renters insurance to cover your belongings in case they are destroyed in an incident.
Can Apartment Complexes Require Renters Insurance?
Many apartment landlords can and do require renters insurance for their tenants. This is in part to protect them from liability in case you cause another tenant bodily injury or property damage. Be sure to ask your landlord about their renters insurance requirements. Some apartment complexes offer renters insurance, but this is often more expensive than purchasing a separate policy through a private insurer.