Renters Insurance You Can Count On In San Diego

Thursday, October 25, 2018

Living The Easy Life With Affordable Insurance

 

San Diego is the sunny city by the beach. Where military families thrive and the waves just keep on coming. People come to San Diego for many different reasons. Some attend the wonderful Universities here, and then make up their minds to stay. Others are here because the economy is booming and the weather is tremendous! Whatever your story, San Diego has many wonderful things to offer everyone in the family.

San Diego is also known for its rising housing market and expensive living style. Getting into the housing market in one of the largest cities in California is not easy. That is why so many people here choose to rent.

Renting in San Diego can be a joy because of the rental opportunities as well as the affordability compared to buying. If you are in the market for a great rental and want to save money, Getting the San Diego cheap renters insurance you deserve is key.

You can simply look for rentals on your own or talk with a real estate agent or rental property. Getting renters insurance is a bit easier than that. You can simply log into the amazing website Lemonade.com and have a low-cost quote within minutes.

Everyone deserves great protection when living in their home. Whether you rent or buy, the place you live is special to you. Make sure that the price is right and the amenities you have are fully covered.

Cheap Insurance And Lemonade

CheapInsurance.com is very proud to announce our new partnership with Lemonade.com. This remarkable company offers renters and homeowners insurance in a new and innovative way. If you want to work with a company that has integrity and a revolutionary product, check them out. Cheap Insurance is always on board to discover how to save you money. As an insurance broker, we offer quality insurance solutions for you and your family. One of the ways we do this is by having great insurance opportunities for you whenever we can. Checking out Lemonade will reassure you that this insurance company is on your side. For as little as $5 a month, you could have renters insurance coverage.  San Diego renters insurance will never be the same.

For all of those who plan to rent or who already do, getting the best deals means savings you can count on. Lemonade is a property and casualty insurance company who puts you the renter in great hands. You won’t see any price spikes or hidden fees. For one monthly flat fee, you will have instant access to your accounts, a great low price, and a claims service that is fast. Anything left over from your premium is donated to charities . This new way of doing business not only helps you, the renter, but others as well.

 

Get your rental apartment/home + stuff insured in 90 secs with Lemonade Renters Insurance

Monthly subscription, starting at $5/month

No brokers, paperwork, or wait times

Instant Claims: File claims from your phone

Unclaimed Premium goes to a charity of your choice

Financial rating of A Exceptional, fully-regulated

All About Renters Insurance

The best part about obtaining renters insurance is knowing that you really only need to protect what is yours. It is the landlords job to insure the cost of the structure and any damages to it. That means that you can put your hard-earned money to better use. Renters insurance should cover a couple of things: liability for those who come into your home, and theft protection. Everything else is just extra. Some people prefer to have extra and know they are secure in every way.

Here is a break down of what renters insurance covers:

Breakdown:

  • 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 other items in your house not covered by theft.
  • Dwelling- major property coverage that protects house and attached structures.
  • Liability coverage-If someone is injured in your house, they could sue. Liability protection is a good idea.
  • Medical payments to others- if someone is injured and needs to have medical care.

What Is Liability Coverage?

  •  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.
  • It is the same as when you are responsible for an accident in your car. You want to make sure that the other person injured is covered.
  • In the house in which you live, no matter if you rent or own, people getting hurt is never a good thing.
  • If a child falls into your pool and is injured, you will want to be covered.
  • Landlords also like to see their tenants carry good renters insurance. This puts then at ease and lets them know you are serious about where you live and who is protected in your home.
  • The best part about liability coverage is being able to have people over worry free. You can do a few things to keep your house safe, but if you have stairs or a pool, accidents are bound to happen.
  • You are not required to carry renters insurance by law in the state of California. But 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 Is Theft Protection?

Depending on where you live, crime may be a problem. Many parts of San Diego have great neighborhoods, where the average crime rates are quite low. But crime can happen anywhere, especially theft. Theft protection will give you the ability to insure your amenities and pay you back for them if they are stolen.

  • 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. For homeowners, insurance is required by law, but most renter’s in California don’t carry adequate insurance to protect themselves for this type of loss.
  • When you want to protect the items inside of your home, you should document which items are of high value and what you want to protect. Some people do this by making a simple video of their more expensive pieces such as large screen televisions, jewelry or computers.
  • You can also document these items with pictures or receipts. It is a good idea to make this documentation so that when something is stolen, the police and insurance company have proof that you owned it.
  • Theft may happen in your home or in your backyard. Make sure you read your policy well to understand what you are covered for.
  • Lemonade.com is a great resource for this and can make your San Diego renters insurance quote low.

What Is Property Damage?

First of all, not all renters need to have property damage protection. The landlord usually carries this so that the structure of the building or house is covered for any damages. However it might be a good idea to have your own in case of an accident. There are many ways to damage the home especially if there are animals allowed in the dwelling. Because renters insurance is so cheap, it is always a good idea to have more insurance than you think you might need. Here are a couple of reasons why you might want to obtain property damage coverage:

  • 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.
  • Replacement Cost: The actual material and labor costs to replace damaged property to restore it to the original condition prior to the occurrence. This can be expensive if paid out of pocket.
  • Coverage for any damage to your property such as broken windows.

How To Obtain The Cheapest Renters Insurance Coverage

When you are shopping for great San Diego instant renters insurance, be sure you know the right questions to ask. Many times your agent or broker will have these answers for you. But doing a little research never hurt anyone. You will want to ask about discounts. This could be multiple policy discounts. Knowledge is power when it comes to investing your home and insurance.

Ideas:

  • If you already have your vehicles insured with Cheap Insurance, you may be eligible to receive a discount on your auto insurance if you bundle it with a Renter’s policy.
  • Bundling your insurance policies together with one company could shed dollars off of your bill. Your renters insurance can be bundled with your car and motorcycle insurance.
  • Get the best deal on your renters insurance by shopping around. Getting multiple quotes will give you a great idea of what you might have to pay.
  • Start with the lowest amount of insurance you need. Then build from there. You may not need all of the extras you are being sold. Ask yourself what you really want protected and go from there.

Even more…

  • 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.
  • Make your home safe and talk with your landlord about how you can work together to make this happen. Keeping open communication with your landlord or property management company can take you far.
  • Before obtaining 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 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.

Renting Vs. Buying

There is always a heavy argument for or against renting. Some prefer to buy homes because they look at it as an investment. Others claim that purchasing a home is a money pit. You spend far too much on repairs and property tax to make it worth the hassle. Here are some comparisons for renting vs. buying a home in San Diego.

Purchasing

Purchasing a home in San Diego can be expensive. Unless you are a first time homebuyer who can qualify for an FHA loan or 3% down, your down payment will need to be about ten percent. If you don’t want to pay for PMI’s or private mortgage insurance, you will need 20% down. The average price of a home in San Diego is 580 thousand dollars according to Zillow.com. This means that a 20% down payment would be 116 thousand dollars. Who has that kind of cash? If you are lucky enough to qualify for 3% down, you will end up paying only 17 thousand dollars on your down payment. This is not including your closing costs and moving costs. For most, this type of money is just not realistic.

Renting

Renting a home may seem like a waste of money to some. The average rent price in San Diego is $1800 a month. This is an average, so you are taking studio apartments into consideration as well as mansions. If you are spending $2,000 a month on rent, that is $24,000 a year you are practically giving away to someone. However, one train of thought is this: you don’t pay for anything else when it comes to renting. You are not paying property taxes. You are not paying for replacing roofs, or ovens or even plumbing. Your insurance is lower than a homeowners insurance rate. So for some, renting is the only option.

In Summary

The best part about renting a home is the low hassle commitment. If you sign a year lease or a month to month lease, you can get out of your current living situation quite easily. With owning a home, you may be waiting a long time to sell that house. From putting your home up on the market to the day it closes and you move out could take six months. When selling a home, you are also responsible for paying both real estate brokers. This may not leave you left with a ton of cash at the end of the day.

Get your San Diego affordable renters insurance now. Go to Lemonade.com today or call a friendly broker at Cheap Insurance. Your protection is important to us!

 

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