Many renters ask why they should spend money on buying apartment building insurance when they don’t own the building or don’t own valuable items in it? The question is quite sensible at their end as current insurance trends focus on owned properties rather than the rented ones. We suggest that the renters living in California get California apartment building insurance to get the following benefits.
Saving on the Additional Living Cost
We often see fire or severe leakage cases in the news. In case of any such event, the renter has to find another place to live so that the repair and maintenance work can be completed without interruption. The living costs of renter and the whole family will be covered by the insurance company if the renter has already received apartment insurance.
Some insurers also cover the relatable living costs including food, restaurant expenses, medicines, transport, and additional furniture costs.
Saving Liability
When damage is caused in the apartment building, the apartment insurance saves you from paying for the damage. The damages may or may not be caused by you. For example, if a falling tree due to storm or wind breaks the glass window, the insurance company will replace the broken glass with a new one. In extreme cases, if your home theatre catches fire due to sparing electric wires, the insurance company will either fix it or replace it.
Can the Landlord Ask the Renter to Get Apartment Insurance?
Most often, it is the choice of renter to go for insurance or not. But the landlord may also ask the renter to get insurance. A majority of the California apartment building insurance providers suggest renters to get insurance as the state is prone to weather damages. It totally depends on the choice of the landlord and the renter. If the landlord has added the term of getting apartment building insurance in the agreement, the renter is bound to get the insurance after signing the agreement. It is considered a legal demand by the landlord.
What Contents are Covered In Apartment Building Insurance?
The common contents covered by almost all insurers include kitchen utensils, decoration items, clothes, food, shoes, furniture, living room electronic items, and personal electronic items including laptops, mobile phones, and home theatre.
Different California apartment building insurance providers offer different policies to people. The best bet is to ask the insurer to give details about the contents that they will cover.
Based in California but dealing with people all over the US, National Insurance Solutions is a trusted name to get any type of insurance including insurance for business owner, apartment building, commercial, homeowner, auto and earthquake. If you want dozens of insurance policy proposals under one roof for California apartment building insurance then National Insurance Solutions is where your needs can be perfectly fulfilled!
