5 Renters Insurance Benefits You Need to Know
Owning a home in US is a dream of many. But with increasing property costs, owing your home isn’t that easy. Plus it comes with its own set of headaches. You’ve got to worry about paying your mortgage, maintenance, property taxes and many other things. Renting a home is becoming a very popular choice between homemakers these days as it offers the best of both worlds. You are free to move when you like and you don’t have to worry about living a hectic life. However, you and your stuff still needs protection and Renters Insurance is a way of getting that.
Getting a renters insurance in California can really save you in some situations, even if you think your stuff is not worth that much. Here are some of the benefits you get with renters insurance.
1. Get living cost after a disaster
The thing about disasters is that they strike you without warning. Take for instance the case of fire or flooding, you don’t have to couch surf if you have a renters insurance. Renters Insurance includes “additional living expenses” that covers your living expense if your home become inhabitable after a disaster.
2. Get Medical expenses
Just like disasters, medical calamities too strike at the wrong moment. If your visitors get injured at your place, your renters insurance will pay the medical bills up to your policies limit. Typically, renters insurance policies include $1,000 to $5000 worth of medical coverage.
3. Get other damages
If you have kids, you are very well familiar with their uncontrollability sometimes. If your kids or anyone of your family members accidently damage any property of the owner, your policy could pay to replace it.
4. Get cover on your dog’s bite
If you have a dog, there’s additional responsibility. No matter how lovable your dog is, they sometimes bite people out of the blue. Getting a renters insurance allows you this freedom. Your rental insurance provide is liable to pay if your dog bites anybody either on your property or outside.
5. Get cover if you’re sued
If someone in your apartment, or you get sued in your apartment, the liability coverage in your renters insurance will pay your legal costs up to your policies limits.
Renters insurance in California provides many benefits but to avail them, it is important that you buy the right insurance from the right vendor. You have to purchase enough insurance to replace all your belongings, and also choose a liability limit high enough to protect any savings or property you could lose if you were sued.