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Best Rental Insurance in California (2020) + Savings Tips



Is Rental Insurance Compulsory In California?

California State Law does not require rental insurance. However, it is legal for landlords to require tenant insurance from their tenants.

Not all landlords request proof of rental insurance, so if you do not want it, you can choose somewhere else to live.

The landlord's insurance only covers the building you live in, so it is wise to consider protecting your property with rent insurance.

If you decide to live where rent insurance is required, a landlord can let you put his name or the property manager's name as an "extra insured" person in the insurance.

They can also choose a minimum amount of reporting.

Average Rental Insurance Premium in California

The average cost of rental insurance in California is less than $ 20 per month and is around $ 17 per month.

Various companies offer discounts, such as package discounts or discounts without requirements.

Sometimes you can also find discounts through member organizations, such as alumni or professional organizations.

The price you pay is also affected by the coverage amount you need, as well as the deductible you choose.

Generally, the higher your monthly payment, the lower your deductible. The opposite is also true – a higher deductible means a lower monthly payment.

Rental insurance made it easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But we're here if you need us.

Unknown, expert advice.

Get impartial insurance training from licensed experts and also avoid dumgy sales calls.

Coverage in minutes.

You can get rental insurance coverage within minutes of receiving your quotes and application.

What does rent insurance cover?

Rental insurance, also called personal property insurance, covers everything you own that is portable. This includes:

  • Clothing
  • Computers
  • Other Electronics
  • Furniture
  • Appliances
  • Jewelry (up to a limit)

In addition to giving you either full replacement cost for these items for cash , tenants can also get temporary housing if their homes become uninhabitable.

There is also liability protection, which covers the costs of any damage caused by other people to your home.

The events covered by rental insurance fall into three categories:

  • Harmful activities – theft, vandalism, riots
  • Accidents – fire, smoke damage, vehicle impact or water damage from appliances
  • Weather – damage due to snow, frozen pipes, lightning or storms

We go a little more into the areas of coverage for rental insurance:

Personal property

Coverage of personal property means that if something happens to your property, the insurance company will give you money to replace them to either cost or present value (depending on your type of insurance).

Personal Liability

Personal Liability Insurance will cover you if someone decides to sue you after being damaged in your house. The insurance company will pay the legal costs and any settlement to the injured party

Medical payments

Medical payments go hand in hand with coverage of personal liability. If someone sues you for harming themselves in your house, this coverage will take care of their medical bills.

Loss of use (also called Extra Living Expenses – ALE)

Loss of use means that if something happens to your home and you can not live there due to the damage, your insurance company will reimburse your living expenses. [19659003] Some companies have time limits and others have monetary caps for this benefit.

Rental insurance by the state .

Will rental insurance cover my roommate?

With such high housing costs, many California residents have room to offset expenses.

Your roommate may or may not have coverage under the rental insurance policies you purchase.

Rental insurance covers everyone listed on the insurance. Thus, if your roommate has their name on the insurance, they have coverage.

However, if their name is not on the plan, the insurance does not apply to them or their property.

You may also want to consider having separate policies because your items may have a different value than your roommates.

If your policy only covers you for let's say $ 50,000, it means that if there is a total loss you may not get the full value because you will need to share it with your roommate

Rental insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But we're here if you need us.

Unknown, expert advice.

Get impartial insurance training from licensed experts and also avoid dumgy sales calls.

Coverage in minutes.

You can get rental insurance coverage within minutes of receiving your quotes and application.

How to apply for rental insurance

Applying for rental insurance is easy and can only take a few minutes. The best way to do that is to go online because most companies have a free online process that will deliver a quote within seconds or minutes.

View your direct quote

First you want to click here or any of the above to start the quote process, you do not need any other personal information than the address to get your quotes quickly. Once you have received your quotes and chosen the coverage option that works best for you, it's time to get covered.

Get your personal information together

You need your name, address and social security number. The online form guides you through several questions to learn more about the rent you will be staying in and what coverage you need.

Launching Your Online Application

Once you have all your personal information together, the next step is to launch the application. This will be easy by just following the instructions once you have completed your quote.

Know the security features of your rental

The program may ask about smoke detectors, sprinkler systems and deadbolts. The best rental insurance offers discounts for these features.

Sometimes the admission form can also ask if you have pets, especially certain dog breeds. In total, the process can take less than five minutes.

Answer your questions honestly

Be sure to answer all questions, in a true way. If you do not, and something happens, the company may reject your claim. Even if they do not deny your claim, you can still commit fraud.

Add Additional Interest

Some landlords may require you to add them as an additional interest; this will notify them if the policy has expired or if you have renewed your policy. Most companies can add this during the application process or immediately thereafter.

Print your insurance policy

Once your insurance has been approved and paid out, just print out your insurance policy and you are covered. [19659076]
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