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The California Department of Insurance issued a press Release to help Renters understand how to create a recovery plan by purchasing Renters Insurance Coverage. Most consumers with Auto Insurance in California, don't realize that in some cases the discounts applied to your auto insurance when combined with Renters, pays most or all of your Renters Insurance premium. Below is the PR; if you're interested in learning more about this valuable but very affordable policy or would like to obtain a quote, please give us a call at 800-454-8211 or click here

News: 2015 Press Release

For Release: February 24, 2015
Media Calls Only: 916-492-3566
Renters need to consider their recovery plan before disaster strikes

SACRAMENTO, Calif. - California faces the constant threat of devastating fires, floods and earthquakes. In some communities that have experienced disasters in the past year, such as Weed, where the Boles fire ravaged over 150 homes and Napa, which experienced the most damaging earthquake in 25 years, the percentage of renters runs near or over 50 percent of residents. However, a 2014 Insurance Information Institute poll found that 95 percent of homeowners had insurance coverage while only 38 percent of renters had insurance to protect their belongings.

"Many renters don't know that their landlord's policy covers the structure and does not protect their possessions in the event of a fire or other disaster," said Insurance Commissioner Dave Jones. "For relatively little money, renters can insure their belongings and make recovery from a disastrous event much easier. I urge renters to make sure they are prepared and protected from California's next catastrophe."

To protect yourself from a devastating financial loss, the Department of Insurance offers the following tips to help determine if renters insurance is right for you.

Renters insurance 101

  • If you are a renter, your landlord's insurance doesn't cover your personal property in the event that it is stolen or damaged.
  • The premiums for renters insurance average between $15 and $30 per month.
  • In addition to personal belongings, some policies will also cover living expenses if your apartment or home is uninhabitable due to damage.
  • The personal liability portion of a renter's policy will provide you with a legal defense and pay for damages if a court determines you are negligence resulting in an injury or property damage to another person.
  • Coverage generally provided under most renters insurance policies:

- Personal property coverage pays to repair or replace personal belongings if they are damaged, destroyed or stolen.

- Additional living expenses coverage helps pay for reasonable and necessary costs incurred when a loss makes a residence uninhabitable, which may include hotel, food and other expenses.
- Liability insurance provides coverage against a claim or lawsuit resulting from bodily injury or property damage to others caused by an accident while on the policyholder's property.



Posted 6:23 PM

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Ganis Insurance Services, Inc.
3655 Torrance Blvd, Suite 210
Torrance, Ca. 90503
Ca Lic # 0I01647
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