Renters Insurance  

Quality Customer Service and Reliable Renters Insurance  

While renting a home often comes with fewer responsibilities than owning a home, there are still certain things a renter must do—including purchase insurance. 

A renters insurance policy is designed to cover you, your family and your personal belongings when you are renting a place to live, whether it be a home or an apartment. 

At Cameo Insurance Services, our kind, bilingual insurance professionals are here to help you protect your life and your family with the right renters insurance policy. We will serve your needs individually and make sure you get a renters insurance policy for the right price without sacrificing important coverage. 

What Does Renters Insurance Cover? 

Renters insurance is different from home insurance in many ways, but the key difference is that renters insurance does not cover the physical rental space. If you live in an apartment, for example, your renters insurance policy will not cover the apartment unit. Instead, your landlord should have insurance to cover it. 

Renters insurance does cover: 

• Personal Belongings: Personal belongings coverage provides compensation if your personal items are damaged or lost due to fire, wind, hail, lightning, smoke, theft, vandalism and more.

• General Liability: General liability insurance covers claims against you for bodily injury or property damage that may occur on your rented property. If someone is hurt in your apartment, this insurance can help with their medical bills and compensate you for legal expenses in case of a lawsuit.

• Additional Living Expenses: Additional living expenses (ALE) provide coverage if you have to temporarily move while the rented property is being rebuilt or repaired after a disaster.

How Does Renters Insurance Work? 

Like most insurance policies, you can purchase a renters insurance policy through monthly premiums in return for coverage. When you file a claim, an underwriter from the insurance provider will investigate the claim and calculate how much compensation you will receive. 

The compensation you receive depends on the damages and the policy. When it comes to your personal belongings, there are two types of renters insurance policies: actual cash value and replacement cost value. 

An actual cash value provides compensation for your lost or damaged belongings after accounting for depreciation, which means that as the cash value of your items goes down over time, so does the amount of compensation you can receive. A replacement cost value policy, on the other hand, does not account for depreciation and instead provides enough coverage to replace your items with those of similar or identical value. 

Find Renters Insurance Today 

We will help you tailor a renters insurance claim for your belongings and your budget. Call Cameo Insurance Services at 310-677-8199 or fill out an online quote form to get started today. 

Common Renters Insurance Questions 

How Much Does Renters Insurance Cost? 

The cost of renters insurance varies depending on your location, coverage limits, credit score, deductible and other factors. Fill out a quote form to save money on renters insurance today. 

How Much Renters Insurance Does a Landlord Require? 

Since renters insurance requirements are not dictated by any state or local law, landlords have the freedom to require you to carry insurance. This means that how much renters insurance you must carry can vary depending on where you live. However, some states do have caps on how much insurance your landlord can require you to carry. Be sure to speak with your landlord about your renters insurance requirements before moving in or purchasing a policy. 

Why is Renters Insurance Important? 

A landlord’s property insurance generally won’t cover your personal belongings after an accident. Aside from being required to carry renters insurance, this coverage is crucial for protecting your items in case of an accident or disaster. Without it, you could face replacing your belongings all out of pocket.