According to the Independent Insurance Agents and Brokers of America, the average cost is only $12 per month, or $144 per year, for $30,000 of property coverage and $100,000 of liability coverage.
What is renters insurance California?
Renters insurance is a smart option that can protect you from financial losses related to theft, water backup damage, certain natural disasters and more. If you are renting an apartment, home or even a college dorm in California, renters insurance can help cover what your landlord’s policy doesn’t.
Is renters insurance mandatory in California?
California law does not require renters to purchase their own renters insurance and nothing prohibits a landlord from making it a mandatory provision of the lease. I know you are frustrated, but this is actually a fairly common practice by landlords, since renters insurance can protect both the tenant and landlord.
How much is renters insurance in Los Angeles?
The average cost of Los Angeles renters insurance is about $195.00 a year. That’s assuming $15,000 of personal property coverage and otherwise averaging policies with different locations and risk factors.
Does AAA cover renters insurance?
Renters insurance can help you do that. AAA provides coverage for people in all sorts of living arrangements, including rental insurance. For more information, please contact a AAA insurance agent.
Should I get renters insurance?
You will only be required to get renters insurance if your landlord or property management company requires that tenants have it. It’s not uncommon for a landlord to require renters insurance, but fortunately, the best renters insurance companies make it easy to compare quotes online and purchase a policy.
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