What Is The Best Renters Insurance In California?

What Is The Best Renters Insurance In California?

What Is The Best Renters Insurance In California?

We all know that having the best insurance is probably what all tenants need. Renters insurance can protect the tenants from unforeseeable risks to their personal properties. One thing that most people misinterpret is that the landlords can cover the properties of the insured. It is a false belief since the landlord’s insurance can only cover the building property of the landlord and not its tenant’s personal properties.

In insurance, if you are thinking of finding the cheapest premium, it may not be a good idea, because sometimes, the most affordable premium could not give the best coverage and may not suit all your needs. However, here at News Insurance, we can help you get the best renters insurance from your favorite insurance provider. Get a free quote here and compare which could benefit you the most.

Why Do You Need Best Renters Insurance?

Although renters insurance is not mandated in the states of California, every renter could also purchase it, for the reason that, best renters insurance could give the tenants an extra layer of protection against unforeseeable losses. Also, most landlords require their occupiers to purchase renters’ insurance before they sign a lease contract. Because renters often think that landlords could cover their personal properties if a loss happens, which is otherwise correct. Based on the Insurance Information Institute, renters insurance could give the tenant’s three types of protection: additional living expenses, coverage to their personal properties, and additional living expenses. Later we’ll discuss to you what our affiliated insurance providers could offer you.

Best Renter’s Insurance Providers

Nationwide – Best For Providing Additional Coverages

MetLife – Best In Managing Policy

Liberty Mutual – Best For Giving Discounts

Allstate – Best On Providing information Online

Nationwide’s Best Renters Insurance Overview

Nationwide Mutual Insurance Company is best-known in providing additional coverages that could help tenants cover their assets. If you want to protect your personal properties while you are renting a home or a complex, purchasing renters insurance is the right choice. Nationwide offers a best renters policy which could cover the personal properties of the insured, against specific damages. Besides, it can also give the insured living expenses, should the insured needs to live somewhere else, due to damages to its rented apartment. The Best renters insurance of Nationwide can also give the insured liability coverage. This coverage could protect the insured against bodily injury and property damages claims from a third party person.

Additional Coverages Nationwide Insurance Could Offer You

Theft Extensions 

This coverage could cover your personal belongings, should the insured’s belongings incur damages due to covered peril, and are out of the insured’s rented premises. For further illustration, suppose that the property of the insured incurs losses while it is inside the insured’s vehicle. Nationwide could provide the reimbursement, or could pay the cost of repair for the personal property of the insured. However, coverage would only be applicable if the damages are due to covered peril only.

Valuable Plus

Valuable plus could cover the insured’s valuable properties, such as jewelry, antiques, arts, and other valuables the insured owns.

Earthquake Coverage

We all know that standard renters and homeowners insurance cannot cover damages due to earthquakes. Here at Nationwide, they can offer all proposed insured an additional earthquake coverage, which can include the renter’s personal properties, against losses from earthquakes. Every year, an earthquake occurs in different parts of California. So, for better protection of your assets, it is a smart idea to have additional earthquake coverage to your existing renter’s insurance. 

Water Backup Coverage

This add-on coverage could cover the insured against damages to the personal property of the insured, while the losses are due to flowing wastewater.

A benefit that Nationwide Insurance could provide to renters is that their policy is very affordable. They can give the renters an affordable renters insurance rate but can also cover all their needs. Get a free quote here.

2. Metlife Best Renters Insurance

Metlife Incorporation is the holding corporation for Metropolitan Life Insurance Company. This insurance company is the largest global provider of different types of insurances. Besides, they are also known for providing health and dental insurances. This insurance provider is well known for giving the best renters insurance plans — also, best in managing and providing renters insurance policies. If you consider buying a renters insurance with Metlife, you can get a free quote from us, and see what coverages Metlife has to offer you. 

Best Renters Insurance Discounts With Metlife

Claims-Free Discount

If the insured does bot fila any claim throughout his policy period, MetLife could offer the insured a $100 less to his deductible rate.

Protective Devices Discount

The insured could qualify for a discount if the insured install a qualified protective device to his rented apartment. An example is a burglar alarm; this device is eligible for a discount because it can reduce the risk of loss or theft, for it emits a loud sound when an unauthorized entry occurs.

Multi-policy Discount

You can save money with Metlife if you consider bundling your renter’s insurance policy, and your auto insurance policy together, at Metlife.

Basic Coverages Of Renters Insurance With MetLife

Personal Property Coverage

This coverage could guarantee the insured a cost of repair or replacement to its personal properties, in any event of a loss that is due by fire, hailstorm, theft, and other covered peril. If the insured files a claim, the insurance company could pay the cost to repair the covered properties up to its actual cash value.

Liability Coverage

Metlife could provide the insured with a minimum limit of $100,000 to its liability coverage. This coverage could protect the insured against bodily injury and property damages claims from a third party person. Liability coverage would cover the insured if held liable for the injury of a third party person. Besides, it can also cover the cost of repairing a third party property damages, if the insured is held liable for it. In other words, liability coverage could settle the claims from a third party person against the insured.

Extra Living Expenses

This coverage would cover the insured’s cost of living somewhere else, should the apartment they are renting is uninhabitable due to covered damages. Extra living expenses coverage could also cover the insured costs for food, clothing, and toiletries. However, this coverage can not cover the cost of repair to the damages of the building. The landlord is the one who is liable for the restoration of the rented building.

In some states, they could offer additional coverage for renters insurance. This add-on coverage could extend the coverage for the personal property of the insured, and it can provide higher limits for the valuable items of the insured. This add-on coverage can range from $5,000, $10,000, and $15,000 limits, depending on the valuable items the insured wants to cover.

3. Liberty Mutual

Liberty Mutual Group is one of the American diversified third largest global insurers. They are the best property and casualty insurer in the United States. This insurance company is known for giving policy discounts, and best renters insurance. This insurance company offers a policy rate inflation protection, this could increase the level of the insured’s renters policy coverage, at every renewal of its policy. This increase-on coverage is to protect the insured against the unavoidable rising of living costs.

Benefits Of Having Renters Insurance With Liberty Mutual

Savings Opportunities

Liberty Mutual can offer a wide range of policy discounts, including a discount for a multi-policy, and claims-free discounts. Also, they offer a discount to the proposed insured if their house is newly built and has installed protective devices. They also offer discounts to the policyholder if they renew their policy before its current plan expires.

Quick Repair To Damages

This insurance company provides a quick response every time the insured files a loss claim. Liberty quickly seeks and provides a contractor to work on the damages. It is to prevent the damages from deteriorating or worsening.

Covers Additional Living Expenses

If the rented apartment of the insured is uninhabitable following damages, Liberty could provide the insured with a cost to rent another place, until the landlord repairs the apartment. Besides, it can also offer a price for food, clothes, and toiletries of the insured. This coverage would only be applicable up to a specific per day limit, the insured chooses.

Online Policy Management

Liberty Mutual has an online application, on where the insured could view the pdf documents of their renter’s policy. Also, they could pay their insurance bill and file a claim through this application.

Coverage For Valuable Items

A primary renter’s insurance can provide coverage for valuable items, but in a specific limit only. With this coverage of renters insurance in Liberty Mutual, this could better protect the tenant’s valuable things. The tenants could choose from the limits of $5,000 up to $15,000. Also, limits will be based on the value of the insured’s luxury belongings.

Rates Won’t Raise After One Accident.

This insurance carrier has loss forgiveness, on which it works, as what is in the car insurance policy. The insured does not need to worry following a first loss claim, because Liberty Mutual does not raise their rates following one claim.

Identity Theft Protection

If you think that it has a possibility of theft of your identity, you should consider purchasing this coverage. It will pay for the cost of restoring your identity, including legal fees and lost wages. However, payments would only be applicable up to the policy limits of the insured.

4. Allstate

Allstate Corporation is an American insurance provider. It is one of the largest American corporations and is best known for providing information online. Also, they are known for giving low prices on their insurance products. These days, Allstate is known for offering auto, homeowners, and life insurance. Homeowners and auto insurance are two essential insurances that every family must-have. Also, Allstate offers renters insurance to cover all the tenants from losses to their personal belongings. Besides, it can also cover the insured’s from additional living expenses, should their rented building is uninhabitable — but the building itself is not applicable for coverage.

Coverage Of Renters Insurance From Allstate

Personal Property Coverage

Personal property coverage can cover the cost of repair or replace the personal property of the insured that incurs damages. It can cover the insured’s essential personal property, such as clothing, heirlooms, and furniture.

Extra Living Expenses

This coverage would cover the insured’s cost of living somewhere else, should the apartment they are renting is uninhabitable due to covered damages. Extra living expenses coverage could also cover the insured costs for food, clothing, and toiletries. However, this coverage can not cover the cost of repair to the damages of the building. The landlord is the one who is liable for the restoration of the rented building.

Liability Coverage

Liability coverage would cover the insured’s liability to a third party person. It could cover the insured against bodily injury claim, and property damages claim, should the insured is legally responsible for the claim. Besides, it can also cover the insured from the cost of settling the claims, until the extent of legal fees. Also, insurers will only pay the insured up to the specific liability limits on its renter’s insurance policy.

Medical Expenses (optional)

Medical expenses coverage would cover the expenses for the injury of the third party person. However, coverage could be applicable only if the third party person demands it in exchange for not filing a legal case against the insured.

Could you afford to lose your assets due to unforeseeable losses? Here at NEWS Insurance, we could help you find an affordable renters insurance with comprehensive coverage.  Get a free quote here and start protecting your assets today. 

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