Many people think that California Renters Insurance is complex and mystifying. It’s not, or at least it certainly doesn’t need to be. If you were buying a homeowners insurance policy, you’d have to worry about estimating the replacement cost of the home, whether or not you had additional replacement cost protection, and more. Renters insurance in Glendale is pretty straightforward, once you know the right questions to ask.
Asking the right questions is one of the ways that we focus on education as one of our core values. Getting all the answers does you no good if they’re the answers to the wrong questions. In order to ask the right questions, you need some basic information to see how coverage might apply to your life and your needs. What’s your risk tolerance? Can you afford the deductible? If there’s a loss, what’s the claims process like?
Now is a great time to join the crowd of people who have made the right choice to protect their families – the number is even higher for Glendale renters insurance, and the Western region of the country overall.
One of the reasons that the number of insured renters is increasing is a focus on education. Many people didn’t know California Renters Insurance even existed, or thought that it was too expensive. Effective Coverage is here to put those myths to rest, and to help you understand your needs and get the protection you deserve.
Call (800)892-4308 or click to get covered - whether you need Glendale, California 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.
Glendale, CA Renters Insurance
What Does Renters Insurance In Glendale Cover?
Glendale renters insurance has several types of coverage, all of which are important in their own way. The California Renters Insurance experts at Effective Coverage generally explain them like this:
- Personal property coverage protects your stuff from fire, theft, vandalism, and other perils named in the policy. If you’d like broader coverage, you can get open perils renters insurance, which means that any direct physical loss or damage not otherwise excluded would be covered. This coverage is generally at replacement cost, which means the settlement of the loss will be at the amount required to replace the item with something of like kind and quality.
- Liability protects you if you cause bodily injury or property damage to another person or entity. The classic example is that a tenant accidentally starts a fire through their negligence. Not only does the fire damage the apartment itself, but the guy next door has to go to the hospital with smoke inhalation, as well. Liability would respond to both of those losses, so that you don’t have to do so out-of-pocket.
- Loss of use or additional living expense coverage protects you after a covered loss such as a fire, when your apartment is temporarily not usable as a primary residence, by covering the costs of staying elsewhere such as a hotel. The amount of this coverage increase as the amount of personal property coverage increases.
- Medical payments to others coverage is going to take care of minor injuries sustained by a guest on your premises. It’s no fault, so there’s no concern over proving that you’re responsible. Let’s say you have a friend over for dinner to celebrate your new apartment, and they’re helping you in the kitchen. While grating cheese, they accidentally grate their fingers as well. That’s a small urgent care visit, not a full-blown ER expense, and it’s just one of those things that can happen. Medical payments to others coverage on Glendale renters insurance deals with the issue. Another way medical payments to others could benefit you is if you have children with friends. Children naturally hurt themselves sometimes, and if it’s on your premises your medical payments to others coverage will take care of those minor injuries to make sure the relationship between you and the other set of parents isn’t damaged because they feel you should pay for the treatment even though the injury really wasn’t anyone’s fault.
All that coverage and more goes into your policy. Did you know that renters insurance in Glendale, CA often comes with a small coverage (generally $500) for damage to property of others? It works in a similar way to medical payments to others – no fault determination is necessary, and it takes care of those things that just happen in life. The policy is a great deal, and offers significant protection from a broad spectrum of risks for a very small cost.
What Is A Deductible On California Renters Insurance?
A deductible is a form of risk retention on your part. You retain the risk of small losses, to reduce the cost of the policy. Generally, that would be the first $500 or $1,000 of a loss. From there, your coverage kicks in, up to the policy limit. Note that the deductible generally applies only to personal property losses, not to liability losses. This is because the injured party doesn’t want to wait for the person that injured them to come up with the deductible, they want to be made whole right now. When it comes to insuring your own personal property, though, it makes sense for you to retain a small amount of risk.
What Does It Cost To Get Glendale, CA Renters Insurance?
Not much! Glendale renters insurance generally runs about fifteen dollars a month for a basic policy. That might cover $15,000 in personal property and $100,000 in liability. It varies a bit between locations and individuals, but since California Renters Insurance doesn’t use insurance credit scoring, the variance is less than in some other parts of the country. Increasing coverage doesn’t increase the cost very much, so it’s important to take into account your actual needs, how much personal property you have, and how much liability coverage you need to protect your assets and future assets from potential risks. A renters insurance expert from Effective Coverage can help you understand your exposure and how to best protect yourself.
Why Does My Landlord Need Proof Of Renters Insurance In Glendale, CA?
Your landlord requires proof of renters insurance because your lease has a provision requiring you to maintain the coverage. Why is that provision there? Because the landlord wants to know that if you negligently damage the property he’s leasing you, you’ll be able to make good on the damages and return the unit to the condition it was in when you took it over.
The landlord also wants to know that you have coverage for loss of use, because he’s generally not responsible for alternate accommodations if you’re unable to use the apartment because you caused a fire. Loss of use coverage on your Glendale renters insurance gives you that coverage.
In the same vein, the landlord is essentially never responsible for your personal property. Requiring renters insurance is a way to make sure that the resident understands that and has taken steps to protect their own property. That helps to avoid misunderstandings in the event that there is a significant loss.
Does Glendale, CA Renters Insurance Cover Water Backup?
It can! If you have the water backup endorsement, there will be coverage for water backup through sinks, sewers, drains, and the like. This only applies if you have the endorsement, however, so it’s an important thing to ask about. On the other hand, water damage from broken pipes can be a covered loss under your policy generally so you want to give some thought to your level of risk tolerance. There are a number of other endorsements you may want to consider, such as earthquake coverage for personal property. Most of those endorsements are just a few dollars a year to add on, so it’s well worth doing if there’s a particular risk that concerns you.
Renting In Glendale, CA
Renting in Glendale, CA is easier than renting in other parts of the state. The median gross rent is $1,259 which is high enough to attract the sort of neighbors you want, but quite affordable on a median household income of $52,000. The median home value is about $576,000, so many people choose to rent and take time to save up for a larger down payment.
Located in Los Angeles County, this city of 200,000 is the third largest in the county, and in the top 25 statewide. Nestled in the San Fernando Valley, Northwest Glendale and South Glendale directly abut the city of Los Angeles which makes it a haven for people commuting into LA. Glendale has also long been known as a haven for ethnic Armenians, and contains one of the largest Armenian communities in the country.
Just like most of the rest of Southern California, Glendale lies on fault lines. This makes it prone to earthquakes, so definitely make sure you have the earthquake endorsement on your Glendale, CA renters insurance. The Sierra Madre fault, the Hollywood fault, and the San Andreas fault all impact earthquake activity here.
To make up for the earthquake risk, though, look at the climate. The lowest recorded temperature ever was 17 °F, and it rarely gets above 100. Even in the mountains around the city, snow is rare. The average “winter” might see thirty degree days once or twice, if at all. The sunny weather, transportation options, and easy access to skilled labor with a desire to work hard has drawn companies such as Nestle, Citigroup, Unum, and Cigna. The Glendale Freeway and Ventura Freeway provide easy transportation of manufactured goods and employees, and the city’s economy has been on the upswing since their construction in the 1970s.
Glendale is a fantastic place to live, with plenty to see and do, a strong economy, and affordable housing. But don’t get so caught up in the city that you forget to cover your family with California Renters Insurance from Effective Coverage! All you have to do is take just a moment to call (800)892-4308 or click to get covered - whether you need Glendale 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.