Advantages of Having Renters Insurance

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What are the Advantages of Having Renters Insurance in San Diego, CA

Renters insurance is an absolute necessity if you’re renting an apartment, condo, or any other type of residential space. Even if you don’t believe you can afford renters insurance, it’s essential because your policy can cover any number of unforeseen issues. You simply never know when an unexpected emergency or disaster might strike, and it’s better to rely on your policy instead of your savings. If you’re a renter, insurance can protect you and your personal property in the event of damage or theft. Here are the benefits it can provide.

Covers Medical Expenses for Injuries Suffered by Guests

If a person visits you at your home and slips, trips, falls, or has another type of accident that renders him or her injured, your renters insurance policy may pay for the medical expenses. On average, renters insurance provides $1,000 to $5,000 of coverage for medical bills, which means you won’t have to pay out of pocket.

Covers Dog Bites

Renters insurance can keep you protected in the event your dog bites someone on the premises or even away from your home. If your dog bites another person and leaves him or her with injuries, your renters insurance policy may include coverage for it. However, it’s important to double-check your policy to ensure it includes dog bites.

Covers Hotel Costs in the Event of Disaster

Accidents and unforeseen disasters happen all the time. If a fire occurs in your apartment or there’s damage due to a natural disaster, your renters insurance policy kicks in and covers the costs of having to stay at a hotel. Any expenses you incur after an incident that requires repairs in your apartment are covered.

Covers Legal Costs if You’re Sued

If another person is injured in your apartment and it’s serious enough to warrant a lawsuit, your renters insurance covers your legal costs. Specifically, the liability coverage in your policy covers compensation and lawyer’s fees you’re required to pay.

Covers Personal Property Damage

If your property is damaged or stolen, you can turn to your renters insurance policy to pay for the loss, up to a certain limit.

Covers Damage to Other People’s Personal Property

If you’re like many people, you probably borrow personal property from your friends and family members. Perhaps you even have appliances or electronics you’ve rented. If this is the case and any of that property suffers damage during an unexpected incident, your renters insurance policy may pay for the cost of repairing or replacing the items. 

If you’re renting, make sure you purchase renters insurance that covers loss or damage to your belongings and protects you in case of liability claims that stem from injuries in your home. For affordable, reliable renters insurance as well as other types of coverage, such as motorcycle and car insurance, San Diego residents trust the experienced agents at Altra Insurance Services. Call us today at 619-474-6666 to request a free quote for any of your insurance needs.

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