Renting a home or apartment in California gives you flexibility in your lifestyle, as you won't be tied down by property ownership. Although your landlord is likely to have some form of insurance, they may require you to have your own renters insurance for additional protection. Even if your landlord doesn't mandate coverage, you may still wish to protect yourself and your belongings during your tenancy. Here's how it all works. 

Renters Insurance Coverage Components 

Your renters insurance policy will likely include the following components: 

• Liability Coverage - Your landlord's insurance policy may cover liability for the exterior of the property, but you may need additional coverage for the interior. If someone gets hurt while visiting your rented home or apartment, you could be held financially responsible for their medical bills and legal expenses. Liability cover can help you weather these costs without having to pay for them out of your own pocket. 
• Personal Property Coverage - Your landlord's policy should cover any damage to the home or apartment itself, but it won't apply to your belongings. To cover repairing or replacing your furniture, clothing and other items after a fire, burglary or other emergency, you'll need your own personal property coverage. Be sure to evaluate items based on their full replacement costs, not their resale values, when calculating the coverage limit you need. If you have any valuables, like jewelry or family heirlooms, you may need additional coverage for these specific items, as most renters insurance policies do not include high-value items. 
• Loss of Use Coverage - If you are forced to vacate while your rented property undergoes repairs, you'll need to find an alternative form of housing temporarily. This coverage can help you pay for a hotel or short-term rental until you can move back in. 

Get the Coverage You Need While Renting in California 

Whether your landlord requires you to have renters insurance or you simply want to give yourself extra protection, PolicyNow Insurance Services is here to help. We'll work with you to customize a policy to protect you and your belongings while also considering your budget. Reach out to us today at 800-422-1251 to learn more and get started.

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