Cheap Renter’s Insurance

The American dream is to own a home. However, in this day and age, with market prices so high, that dream is changing. In the United States, nearly 40% of all households rent instead of own. Most people who rent are 35 years of age and under and that makes up millions of people in California. In California you can find this to be the case because of the high housing prices. This state is an amazing place to live and raise a family. If you choose to rent a house or apartment instead of purchasing one, you will still need to be covered with the correct amount of insurance.

 

Renter’s Insurance is a must when you live in the golden state.

    If you are a renter in California and do not have renters insurance, you are taking a big risk. How much is your television worth? How about your jewelry? Computers? Musical instruments? We’re probably talking about thousands of dollars! If those valuables were stolen, could you afford to replace them? Renters Insurance from Cheap Insurance covers your valuables anywhere in the world! Those are just your high value items. What about everything else? Your silverware, dishes, clothing, towels, couches, tables. Everything you own. Most people don’t think about the accumulated value of their every-day items, but if they were lost or damaged in a fire, they quickly add up to huge losses. California has almost 600 thousand personal property thefts each year! That is too large of a number to ignore. Be prepared! We at Cheap Insurance can help you.    

How Cheap Insurance Can Help

  Cheap insurance has been in the business of helping people attain insurance for over 40 years. We started as a small company in 1974 and have only grown in knowledge since then. Cheap insurance will work with insurance agencies to find you the best policy at the lowest rate. We do the leg work so that you don't have to! If you live in California and are looking to protect yourself and your family, then you should get cheap renters insurance. We are a broker who works for you, the consumer, and not the agents. We are invested in making our clients happy and have been doing so for many years. With a policy from CheapInsurance.com, you can protect all of your belongings for as little as $8 a month! We can help you bundle your insurance coverage as well. Many times, larger insurance companies will offer many different types of insurance and you are welcome to bundle these and save! Insurance agencies cannot charge whatever they want, and it is our job to make sure that you are getting the best deal. That is why people have been coming to us for years. We are first and foremost an insurance solutions broker. That means we find solutions for you.    

Facts About Renters Insurance

 
  • A landlord's insurance policy may not cover theft and damages. You will want to have your own. Most landlord's insurance policies cover damages to the structure due to negligence. If you do not have renters insurance, you may have to pay out of pocket.
  • Renters insurance can be very affordable. You could get coverage for as little as $12 a month!
  • You may not think anything in your house is valuable, but add it up. Most renters have over $10 thousand dollars worth of valuables.
  • You could qualify for renters insurance discounts if you take the proper safety precautions. Put in fire alarms, a front door alarm, and even an automatic spotlight in the front. Anything to deter burglaries can help you save.
  • Renters insurance is very easy to attain. You can get an online quote in minutes.
  • You can always buy additional coverage if you think that all of your items will not be protected.

More Facts

 
  • A basic liability coverage is $100,000 of coverage for $50 a year. This is quite a steal, but you should have it. You can always raise the limit to $500,000 a year.
  • Liability coverage usually covers if your dog bites someone as well.
  • Sometimes renters insurance even covers your things if they are stolen outside of your apartment or home.
  • Many people do not know that the landlord is not responsible if there is a fire or damage to the home. If your personal belongings are destroyed, it is up to you to have insurance.
  • Renters insurance is a smart idea because the liability you have renting someone else's house is huge. When people visit or animals come over, there are always things that can go wrong. Especially houses with a swimming pool should really consider liability coverage with your renters insurance.
  • Renters insurance could be a tax-deduction is you use your property for all or some of your business. If you have an at-home office, this could be a tax-deduction.
  • Some insurance companies will not cover dog bites for "high-risk" breeds such as pit bulls.
  • Renters insurance excludes bed bugs and big infestations of any kind.
  • Renters insurance could save you in a law suit. When something happens to someone in your home, they could sue. Renters insurance could protect you.
  • Insurance companies will take depreciation of valuables into account when calculating what your valuables cost.
 

What a Renters Policy Covers:

 
  • Theft- if someone comes into your home and steals any personal property
  • Fire or lightning damage- mother nature has a way of damaging property
  • Smoke damage- a small kitchen fire can cause a lot of damage, be covered.
  • Water damage- if there is any water damage to the house you are renting it could costs thousands to repair
  • Hail or windstorm damage- Live in a place with high winds? Be prepared.
  • Damage from falling objects- If a tree falls, it can cause some serious damage.
  • Personal property- Jewelry, furs, fine art, and the excess things in your house not covered by theft.
  • Dwelling- major property coverage that protects house and attached structures.
  • Explosion damage
  • Ice and sleet damage
  • Liability coverage-If someone is injured in your house, they could sue. Liability is a good idea.
  • Medical payments to others- if someone is injured and needs to have medical care.
  • Loss of use- which means that you will still be covered if the house you live in needs repairs from fire or other damages. This coverage helps with additional living expenses for you and your family.
   

What a Renters Policy Doesn’t Cover:

 
  • Aircraft, motor vehicles, and certain watercraft.
  • Business property
  • Expected or intentional bodily injury by the insured
It’s true that your landlord might be insured, but did you know that their policy only covers their property and their liability? Most renters are not covered for theft, damage, or liability. Before attaining renters insurance, you should do an inventory of all of your personal property to know how much you have and what it may be worth. You could even take photos or video of your personal belongings. Check into how you could save on discounts by adding a deadbolt lock or fire detectors. Do what is right for you and your family, and sleep sounder at night feeling secure with the right amount of cheap renters insurance.    

 

Why Get Renters Insurance  from Cheap Insurance?

   

MULTI-POLICY DISCOUNTS:

  •      If you already have your vehicles insured with Cheap Insurance, you may be eligible to receive a discount on your auto insurance if you combine it with a Renter’s policy.
 

THEFT PROTECTION:

  •        More break-ins happen in apartment buildings or condos than other types of homes. The National Crime Prevention Council has found that apartments are 85% more likely to be robbed than other homes. Home Insurance is required by law, but most renter’s in California don’t carry adequate insurance to protect themselves for this type of loss
 

PROPERTY DAMAGE:

  • Fires can happen, especially in an apartment building.  Are your belongings covered for fire damage that can arise from a neighbor’s negligence?
  • The weather in California can be just as unpredictable, and just as damaging, as the weather in other states. Are you covered for water damage? Wind damage? Your belongings can be damaged by water leaking from a roof or debris coming through a broken window.
  • These losses aren’t as rare as you would think.

LIABILITY PROTECTION:

  •          Accidents happen. If your bathtub or sink overflows and leaks into a neighbor’s apartment, you may be liable.
  •         If somebody falls in your yard, or in your apartment, you could potentially be found at fault.
  •         Lawsuits are more and more common in today’s society.  Many people don’t know that a renter’s policy can  offer liability protection in the event that you are sued.

Terms You Should Know

 
  • Agent: A person who sells insurance policies and is licensed to do so.
  • Arson: The intentional setting of a fire to property.
  • Assessed Values: Used in taxation to value properties.
  • Burglary and Theft Coverage: Additional coverage that pays for loss due to criminal theft.
  • Broker: A person who compares and finds insurance policies for a consumer. They do not represent a particular insurance company but rather the consumer.
  • Bundling: Coverage that includes multiple policies such as home and auto which when combined can save the consumer premium costs.
  • Catastrophe: A destructive sudden disaster that causes loss.
  • Crime Insurance: Coverage for damage or loss incurred during a crime such as theft or burglary. Some areas with higher crime rates may choose for this additional option.
  • Defensible Space: A designated area around a fireplace or other hazard to prevent fires or accidents.
  • Disaster: A natural occurring event that creates unpreventable loss.
  • Fire Insurance: Coverage that pays for loss associated with fire.
  • Hazard: Any safety issue such as exposed wiring that could cause a fire.
  • Material Misrepresentation: When someone acquires coverage for property and falsely states its value or condition.
  • Policy Holder: The person who purchases the policy, usually the beneficiary.
  • Property Damage Coverage: Coverage for any damage to your property such as broken windows.
  • Rental Property: Any property that is leased or rented.
  • Renter: A tenant of a leased or rented property.
  • Renters Policy: A policy that covers loss to personal property in a rental property.
  • Replacement Cost: The actual material and labor costs to replace damaged property to restore it to the original condition prior to the occurrence.
  • Water Damage Policy: Covers damage to property caused by water damage such as plumbing issues but not flood water.
   

   

RENTER’S INSURANCE IS AFFORDABLE!

 
  • The average price of Renters insurance in the state of California annually is $207.  That comes out to a little over $17 a month. That is very affordable! Especially for all of the things that renters insurance protects.
  • Most renter’s policies in California are less than 50 cents a day!
  • With all of the protection a renter’s policy offers, does it make sense not to have one?
  • You can always save more by bundling your insurance policies. Bundle renters with auto and save!
  • You can increase your deductible to save on your monthly premium. This means that monthly your costs will be lower.  If you need to take out a deductible if something happens, you will be paying more.
  • You can  save by paying your renters insurance up front in one annual payment or two bi-annual payments. Shave off some of your hard-earned money form your bill.
  • You are not required to carry renters insurance by law in the state of California. You will be much better off having. It could save you thousands of dollars in the end.
  • For only $100-$200 a year, you could be protecting yourself and your family with the insurance you deserve.
 

What To Do Next

  If you would like to talk to a helpful representative on the phone, just call today! (800) 486-1866 Our offices are open Monday through Friday from 9AM to 5PM   You can  get an instant quote online.
  1. Enter the product you desire (renters insurance).
  2. enter in your zip code.
  3. answer a few questions.
  4. You could have your policy and quote in your e-mail inbox within minutes!
We take all of the difficulty out of purchasing your cheap renters insurance.    

Call Cheap Insurance today  to get a Renter’s Insurance Policy started in a little as 15 minutes! Combine it with an auto or motorcycle policy for even more savings!

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