Mountain View Insurance – Renters Insurance
Renters insurance is affordable and helps cover your possessions and your liability exposure “just in case”. Policies usually cost around $100-$300 annually and provide a bundled discount with your car insurance which usually negates the majority of the out of pocket cost. It is a great option to make sure you have coverage at home.
Renters Insurance – Possession Coverage
One of the largest portions of the renters insurance policy, also known as a HO4 in the industry, is to protect your personal property in the case of a loss. The base amount varies carrier to carrier but it is usually around $15,000 of coverage with the option to increase it accordingly.
Renters Insurance – Liability Coverage
The other large facet of renters insurance to consider is the liability coverage it affords. If you are sued due to an accident occurring at the property you are renting this coverage may kick in and help cover your liability. The baseline liability option is $100,000 of coverage with the option to increase it to $500,000. Also, remember you can always opt to purchase an umbrella policy to supplement this portion of your policy if needed.