SANTA MONICA RENTERS INSURANCE
Santa Monica renters insurance is fantastic for providing you with the protection that you need for your belongings when you are renting a home off of someone. Yes, the landlord does have a homeowner's policy on the structure, but that only protects the structure itself. It is your responsibility as the renter to make sure you have renters insurance on your Santa Monica home.
And if you're concerned about the price of your Santa Monica renters insurance, you will be able to secure a great premium on your Santa Monica rental property. Santa Monica is a good community. If you were to live in the slums of California, your premium would be higher. As long as you live in a community that is not known for crime or other vices, then you can expect that you are going to get a better rate than if you lived in a sub-par area.
There is a very important rule of thumb, however, when you acquire Santa Monica renters insurance and that is to take an inventory. It is not enough to obtain California renters insurance and then hope that nothing happens to where you will have to make a determination on what your items were worth. If you do this, you may find that you don't have enough renters insurance for your belongings, causing you to pick and choose what you insure.
Why Take an Inventory?
Not only does taking inventory help you to know how much coverage you need under your Santa Monica renters insurance, but also helps you to speed up the claims process. It can be virtually impossible to remember each and every item that was in your apartment before a tragedy struck. Having an inventory will help make this process much easier because you won't be guessing. You can file your Santa Monica renters insurance claim, receive the money you need for your items, and replace them so that you can move on with your life.
You can also use your inventory to deduct your losses from your income taxes. In order for the IRS to accept such a deduction, they need to have proof. The inventory that you provide your CA renters insurance company can serve as the perfect proof that what you are deducting is valid.
Make sure that you add to and take away from your inventory when you need to. That way you claim the correct belongings on your Santa Monica renters insurance and not something that has been gone for a long time. You want your inventory to be as accurate as possible so that your claim is 100% correct.
What you may want to do is keep your inventory in a fireproof box. If your home catches on fire, then the list could be destroyed in the fire. If you are unable to keep it in a fireproof box so that you can submit it to your renters insurance company after a fire, keep copies in different places. You may want to have a family member hold a copy, place a copy where you work, and maybe you have a safety deposit box where you can keep your list. That way you can quickly produce it for your renters insurance company in Santa Monica and start the claims process as soon as possible.
Items to be Claimed
If you're confused about what you can claim in your Santa Monica, CA home, you can claim anything that belongs to you. What you can't claim is a roommates belongings unless they are a relative. This is something that you will need to take into consideration if you have someone move in with you. You will need to tell your roommate that they will need to get their own Santa Monica renters insurance to ensure that they are covered in case of fire, theft, or another act that results in belongings being lost.
In the meantime, you can claim your antiques, collectibles, music equipment, computer equipment, your television, furniture, and anything else that you have within your Santa Monica apartment that belongs to you. You can also claim your jewelry under a renters apartment insurance policy.
And if you were to go on vacation and take jewelry, computer equipment, and other items with you, you can claim those if they are stolen while you are gone. This has much to do with the fact that it is your belongings that are insured and not the space you're renting. It is the responsibility of your landlord to insure your space so that they are protected against the loss. It is not about protecting you against the loss. Santa Monica renters insurance is what protects you.
All-in-all, your Santa Monica renters insurance is going to protect you in many ways, keeping you from having to reap the financial consequences that can result from the negligence of others.