What is Renters’ Insurance?

Renters’ insurance protects your personal property in a rented apartment, condo or home from unexpected circumstances such as fire, theft or vandalism and it also includes liability. Renters’ insurance does not include coverage for the dwelling. The owner of the building is responsible for insuring the structure, but bears no responsibility for the tenant’s belongings

How Much Renters’ Insurance Do I Need?

The cost of renters insurance and the amount of personal property coverage you need depends on how much your property is worth.

To get a better understanding of your coverage needs, ask yourself the following questions:

  • How much are my belongings worth?
  • Could I afford to buy it all back again if it were destroyed in a fire or stolen?
  • What would I do in the event of a liability lawsuit against me?

 

How Does Renters Insurance Work?

Renters insurance reimburses for the costs associated with a covered loss such as a burglary or fire or other unforeseen incident occurs.  The amount of compensation you receive depends on whether you have “actual cash value” (depreciated) coverage for your personal property, or replacement cost coverage for your personal possessions.

Certain items such as jewelry, collectibles or other valuable items may have a specific limit or require additional coverage to provide full coverage for loss, theft or damage. You will also be responsible for a deductible, which is an out-of-pocket expense

Contact us to learn more about the right renters insurance policy for you.

Phone: (209) 354-4164
Email: Kelly@Kspacific.com

Location:
2814 G St.
Merced, CA 95340
Inside The Bear Creek Galleria​

renters insurance
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