Thanks for taking a moment to review our Oakland, CA renters insurance guide. As a company with a vision of a better world, and in line with our core values, Effective Coverage is on a mission to get 40% of Americans insured with the provider of their choice by the end of 2017. Right now the national average stands at forty-four percent. That’s simply not enough. That means that fifty-six percent of renters are vulnerable to all manner of liability claims and personal property risks.
Part of our mission is an education campaign to not only raise awareness about how important renters insurance is, but also about how inexpensive it is. Take some time to read through our guide to California Renters Insurance and see how easy it is to get covered and why you should. Right now, the national focus is on health insurance. But the ACA affects more than just health insurance. Obamacare impacts renters insurance. We know that insurance is not a favored topic among many people. But it should be. Californians who choose to “go naked” suffer a theft every 30 seconds and a fire nearly that often. That’s not a risk worth taking!
Oakland, CA Renters Insurance
What Is The Cost Of Renters Insurance In Oakland, CA?
Oakland renters insurance runs right around the average for California Renters Insurance, about $208 a year. That’s around seventeen dollars a month. That’s the equivalent of a tolerable bottle of wine a month. Since wine is a major industry in California, that seems an appropriate comparison. Drink one less bottle of wine a month (or have friends nice enough to bring a bottle when they come for dinner), and you, too, can afford Oakland renters insurance! Maybe you could even tell the landlord to take it out of the rent, it’s his building, right?
Wrong! Landlords Have No Insurable Interest In Your Property!
What’s that, you say? In order to insure something, you must have what’s called an insurable interest in the thing being insured. That means that you own or control at least a part of it. In the case of your property manager, they neither own nor control your property, nor have any interest in it. That means they couldn’t insure it if they wanted to!
Their desire to do so is quite unlikely, however. That’s because they have no responsibility to provide coverage for your things in the vast majority of situations. It’s not their stuff, it’s not their problem. It then falls to you to ensure the security of your belongings. You can do that with security measures such as locking your doors, and you can improve your situation markedly if you then cover the secured property with Oakland renters insurance.
Oakland Is Safer Than Ever Before, Does That Reduce The Cost Of My Renters Insurance?
Well, the newly increased safety factor of Oakland has stopped the increases in price. While that doesn’t mean Oakland, CA renters insurance is any cheaper than in the rest of the state, it also doesn’t mean it’s more expensive. Once upon a time, you could expect to pay a bit more for a policy here, but those times are more or less gone because of the great strides the city has made in protecting its residents.
Besides, even if you lived in Williamsville, NY, one of the safest communities in America, you’d still need renters insurance. Why? Because it’s smart, it’s prudent, it protects you, and because the vast majority of Americans will be impacted by a home fire in their lifetime! There are many risks that renters insurance in Oakland, CA protects you against beyond crime and theft.
Why Do I Need Oakland Renters Insurance?
- Because your landlord requires it, and has the right to do so.
- Most Americans will be impacted by a home fire during their lifetime.
- California has a culture of litigation. Liability insurance protects you from these claims, even the frivolous ones.
- Renters insurance in Oakland also provides a defense against those claims because the insurance company has a duty to defend their insured. In other words, the insurance company pays for you to lawyer up when someone sues you over an alleged injury or property damage.
- Because you can add coverage for slander and related liability as well for just a few dollars.
- Did you know that Oakland renters insurance can be endorsed to cover earthquakes for very little cost? That coverage alone is worth the price of the policy when you live in California!
- Because there’s a movement to pass local ordinances to require all tenants to maintain California Renters Insurance! We all know that California is on the forefront of liberal changes.
- Because your family expects and deserves the protection afforded by an Oakland renters insurance policy. Whether it’s to replace Christmas that was stolen by a Grinch, or to replace everything you own after a fire, doesn’t your family deserve that sort of protection?
Can My Landlord Require Oakland Renters Insurance?
Of course they can. Your landlord can require renters insurance in Oakland, CA just like he could anywhere else in the country. Your landlord can require quiet hours in the building, and enforce them with sanctions in the lease. Your landlord can dictate the type of pets you can have, and enforce that with sanctions in the lease. Your landlord can dictate how many people can live in the apartment and enforce that with sanctions in the lease, as well as through local code enforcement.
It’s generally considered to be a settled matter of law that a contract between you and your landlord is freely entered into and with agreement to all the terms and conditions. If you agreed to maintain renters insurance in Oakland, that’s what you agreed to. Your credit card company won’t drop your interest rate just because you couldn’t be bothered to read the entire terms and conditions that are made a part of the contract by reference. Why would a contract between you and your landlord be any different?
More importantly, though, having Oakland renters insurance is the right thing to do. It protects you, the landlord who is lending you his significant investment, your family, and the people around you who might be harmed by your actions. Do the right thing and get covered today!
Renting In Oakland, CA
Choosing where to rent in Oakland, CA is like choosing where to live in the entire US. There are many neighborhoods, each of which brings a variety of ethnic, cultural, and socioeconomic backgrounds to the table and each of which has its good points. In this city of 400,000, you can find the exact apartment for your needs in exactly the sort of neighborhood you want. With a median home value of about $400,000, most people rent because that’s a significant amount of money to finance. The median gross rent is only $1,075, which makes renting even easier on the budget.
The local economy is heavily impacted by the fact that Oakland is a major West Coast port city. Many different types of goods are shipped to, from, through, and around Oakland. It’s the busiest port in all of Northern California, and the third largest city if you’re renting in the Bay Area. Situated in Alameda County, transportation and trade are crucial to the local economy and it’s the economic hub of the East Bay region. This has been the case practically since the day that Oakland became the western terminal of the Transcontinental Railroad.
With 260 sunny days a year, Oakland is a great place to live. Great progress has been made in reducing the property crime that Oakland was once reputed for, and the city is now a far safer place to live. If you’re concerned about energy use, it’s a great city, as well, since Oakland is the number one consumer of electricity from renewable resources. Tourism is coming back, as well, which lends further credence to the earlier statement about improvements in safety.
$41 billion in international trade is handled through the Port of Oakland every year, including 99% of all containerized goods in the area. That creates nearly 200,000 jobs in the marine cargo transport sector. They range from low wage hourly positions to higher end management positions, the economy of Oakland has something to offer everyone.
If you’re thinking of moving to Oakland, or if you already live here and just want to be a responsible citizen, contact Effective Coverage today to learn how you can protect yourself for just pennies a day! All you have to do is take just a moment to call (800)892-4308 or click to get covered - whether you need Oakland renters insurance quotes online or coverage anywhere else!
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