$325,000 Apartment Fire: This Is Why You Need San Diego Renters Insurance!

Two apartment units were utterly destroyed and a number of residents displaced by a rapidly spreading San Diego County apartment fire.  Two alarms were called late in the evening, and the fire has been traced to the kitchen of one of the units.

There were at least eight apartments in the building, leaving eight families displaced and with nowhere to go.  Two more apartments had damage from smoke or water, and the entire building is unable to be occupied at this time.  How would San Diego Renters Insurance have helped these residents?

There are three important ways in which San Diego Renters Insurance is able to help these residents.

Personal Property Coverage In A San Diego Apartment Fire

Personal property coverage is what pays for damage done to the things you own by a covered peril such as fire, smoke, or the associated water used to put out the fire.  Generally the coverage is at replacement cost, which means that regardless of the age or depreciated value of the items that suffer the loss, you’ll get the money you need to go buy something new of like kind and quality.  Have a ten year old television?  San Diego Renters Insurance  will pay for you to get a similar quality television of a similar size.

Replacement cost coverage is the only way you’ll get enough money to replace the things lost in a fire or other loss.  Generally a San Diego Renters Insurance policy will start at around $15,000 of personal property coverage (replacement cost) and you can increase the limits from there.

Additional Living Expenses Coverage In A San Diego Apartment Fire

Many people were displaced from their homes by this fire, and it will be quite some time before they’re able to go back, if at all.  That has yet to be determined.  Instead of having to lean on the Red Cross, who will only pay for three days in a hotel, those residents who have San Diego Renters Insurance won’t have to worry about where they’ll go.  They’ll be able to stay in a hotel and handle the other additional living expenses that come with loss of use of the residence premises.

Many people who suffer from fires have nothing, not even their wallet, because it was left behind in the fire.  Loss of use coverage on renters insurance in San Diego often involved an arrangement between your insurance company and a hotel chain so that even if your wallet was also lost in the fire the carrier can pay the hotel directly at the negotiated rate.  This is just one more example of how renters insurance simplifies the process of rebuilding your life after an apartment fire in San Diego.

Liability Coverage In A San Diego Apartment Fire

Since this fire was traced to the kitchen of one of the units, it’s almost guaranteed that the fire is the result of an individual’s negligent actions.  Kitchen fires are generally presumed to be the result of negligence.  Liability coverage on San Diego Renters Insurance pays for damage you do to other people and for bodily injury done to other people.  It appears that no one was hurt in this apartment fire, but the problem is that significant damage was done to the building, as well as to the lifestyles and property of other residents.  Who’s going to pay for that?  All those residents and the building owner can do is to hope the resident at fault has reasonable liability limits on their renters insurance coverage.

San Diego Renters Insurance liability generally starts at $100,000.  That would be useful here to pay for the property owner’s significant deductible and any uninsured losses of other residents, but the carriers that insure the other residents and the building are likely to look to the residents at fault to make them whole when all is said and done, through a process called subrogation. More liability coverage is always an option.  For a few dollars a year, you could bump that coverage to $500,000.

San Diego Renters Insurance is a great way to protect yourself, your family, and your assets.  By ensuring that you’re able to cover damages for both yourself and other people, you make sure that you’re not left on the hook.  Whether you’re at fault or an innocent victim, having renters insurance in an apartment fire is crucial, and it’s what helps you to move on with your life even in the most severe crises.  Effective Coverage can set up a policy for you in just minutes, starting as low as fifteen dollars a month.  Just call (800)892-4308 or click to get covered - whether you need San Diego, CA renters insurance quotes online or coverage anywhere else!

Effective Coverage offers the nation's only completely mobile platform to quote and purchase renters insurance right from your phone or tablet in just one minute. Get an online renters insurance quote today and protect your family.