Understanding Renter's Insurance

septiembre 15, 2017

If disaster struck your home, the landlord’s insurance would pay for building repairs. But if you want coverage for your possessions, you’ll need renter’s insurance. Renter’s insurance, also known as “tenant’s insurance” is a type of policy offered by most major California insurers. These policies provide protection for your valued possessions (assets) as well as liability protection in the event someone becomes injured at your residence.

What renter’s insurance covers

Renter’s insurance typically covers loss or damage caused by:

  • Fire
  • Smoke
  • Thef
  • Vandalism
  • Windstorm or hail
  • Lighting
  • Explosion
  • Falling objects
  • Weight of snow, ice or sleet
  • Water (caused by plumbing failure, appliance failure, fire sprinklers or other accidental discharges of water)
  • Electrical surges

It also covers:

  • Injuries to persons while at your home (including medical expenses and any resulting lawsuits)
  • Damage that you cause to other people’s property (ex: you break a neighbor’s window while playing ball)
  • Housing costs. If your rental unit is damaged and you need to live elsewhere while it’s being repaired, your renters insurance will pay for yoru additional living expenses

What Your Insurance Will Pay to Replace:

Your renter’s insurance policy will pay to replace any property that is stolen, damaged or destroyed by a covered cause. This includes, but is not limited to:

  • Electronics
  • Clothes
  • Furniture
  • Sports equipment
  • Appliances
  • Jewelry (limited)
  • Collectibles (limited)

Important Note: Renter’s insurance protects your belongings even when you’re away from home. So, if your laptop gets stolen from your car, your renter’s insurance will pay to replace them.

What renter’s insurance doesn’t cover

Renters insurance won’t pay for damage from earthquakes or floods. You’ll have to pay for repairs if you incur losses for one of these reasons. Flood insurance is available under a separate policy from the National Flood Insurance Program and possibly directly from your renters insurance company as well. Earthquake insurance also can be bought separately or as an endorsement or rider to your renters policy.

Before Purchasing a Policy


  1. Take the time to do complete inventory of all your personal belongings; photos or a video of things like furniture, jewelry and expensive electronics items. Calculate the replacement costs for these items and double check with your insurance agent to make certain you are fully protected against any type of loss.
  2. Most insurance companies offer discounts to a policyholder to lower the cost of premiums. Companies may offer discounts for smoke detectors, dead bolts.
  3. Choose the coverage according to your property. If you have a lot of electronics, choosing a policy that provides replacement cost coverage instead of actual cash value coverage might be the best renter’s insurance option for you.
  4. Make sure that the policy has liability coverage. The best renter’s insurance policies will also include liability coverage for medical and legal costs if someone gets hurt in your renter residence.
  5. The best renter’s insurance policies will also include emergency living expenses. This means that if you have to vacate the property due to damage, the insurance company will pay for you to live somewhere else.

Are you looking to secure your home possessions and want to learn more about the options available to you? Get in touch with your UniAmerica Insurance agent today to get the coverage you need or give us a call at 1-310-835-3373.

Get a FREE quote today!

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