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California
Renters and Homeowners are policies
are designed to indemnify (cover your loss) you in the event of a loss to your personal property and protect you in the
event you are responsible for bodily injury or property damage to
others.
Also
see: Rentlaw.com California Guide,
Homeowner's
Insurance
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In
a
condo or co-op, the bank requires insurance to protect its
investment in your home. You may, however, need more insurance to
cover your personal items, liability or fees that may be charged
to you regarding shared areas of the building like the lobby.
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You will need two separate policies to protect your investment:
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Your
own insurance policy.
This provides coverage for your personal possessions,
structural improvements to your apartment and additional
living expenses if you are the victim of fire, theft or other
disaster listed in your policy. You also get liability
protection.
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A
"master policy" provided by the condo/co-op board.
This covers the common areas you share with others in your
building like the roof, basement, elevator, boiler and
walkways for both liability and physical damage.
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California
You
might think you don't need Renters
Insurance
if you rent we recommend it. Add up the cost of your furniture,
your electronic equipment, your CD/DVD collection, computer, garments
and other personal property. Can you afford to replace everything
in the event of a fire or burglary?
Renter's
Insurance
in California is relatively inexpensive. The average cost of renter's insurance
is approximately $15 a month for around $30,000 worth of property
coverage and $100,000 worth of liability coverage.
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Rates
vary depending on coverage and your location in California, your
building and the amount you
want to cover.
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California: educate yourself.
Inquire
now - for FREE
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Click
below to complete the short insurance quote application for
California residents, homeowners or tenants
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