California has some of the highest apartment insurance rates in the nations. So how can you get cheap California apartment insurance? Here’s how …
California Apartment Insurance
A California apartment insurance policy covers the following:
Personal possessions – If your possessions are stolen, or are damaged by fire, plumbing leaks, or acts of nature, apartment insurance pays to replace them. Standard California policies do not cover earthquakes or floods, so if you live in an earthquake or flood zone you’ll need to purchase additional insurance.
Personal liability – If someone hurts himself in your apartment you could be liable for damages. If that happens, your apartment insurance would pay for personal liability damages and your legal fees.
Additional living expenses – If your apartment becomes unlivable due to a fire, burst water pipes, or any other reason covered by your policy, this coverage will pay for your living expenses until you can move back in.
Cheap California Apartment Insurance
Here’s how to save money on California apartment insurance:
Raise your deductible (the amount you pay for a claim before your insurer pays) – Raising your deductible to an amount you can afford can save you up to 40% on your insurance.
Consolidate your insurance – If you purchase your renters insurance from the same company you purchased your car insurance from, you can get 5% to 15% off your premium.
Install safety and security devices – Insurance companies give good-sized discounts for installing smoke detectors, fire extinguishers, burglar alarms, dead-bolts locks, and window locks.
Comparison shop – You can save hundreds of dollars a year on your California apartment insurance by comparing rates from different companies. Simply go to an insurance comparison website, fill out their simple questionnaire, wait for your quotes, then choose the cheapest one.
On the better comparison sites you can get answers to your insurance questions from insurance experts by using their online chat feature or by calling their toll-free telephone number (see link below).