Best Renter's Insurance Companies in Mission Viejo

FAQs

• Will your renters' insurance cover the damage if there is a riot in your Mission Viejo area and your home is vandalized?

  Yes. Renters' insurance covers the damage from riots and other incidents involving civil disturbance. A standard policy also includes coverage for vandalism. That said, some properties are excluded from coverage, so you should still check with your insurer in Mission Viejo. If your home had been vacant in the past 60 days, it might no longer be covered.

• Should you keep receipts of the possessions you buy even if you are just renting an apartment in Mission Viejo?

  Yes, you must keep receipts. Doing so will help you keep track of the value of your possessions in your Mission Viejo apartment. By the time you need to file a renters’ insurance claim and need to present an inventory, you might have already forgotten the price at which you bought specific items.

• Why keep an inventory of your possessions in Mission Viejo if their value will depreciate anyway?

  It would help to keep an inventory because your renters’ insurance company will ask for it when you file a claim. Besides, it is not you who will calculate the depreciated value of your properties in Mission Viejo. Under California law, it is your insurer who will determine each item’s “actual cash value,” which takes into account depreciation according to its age and condition before the loss.

• Apart from providing coverage for your property loss, how else can renters’ insurance help you after a fire in Mission Viejo?

  Renters’ insurance in Mission Viejo typically includes “Loss of Use” coverage. This implies that if there is a fire and you need to stay someplace else while your apartment is being cleaned, your insurance will cover the extra living expenses. You can submit hotel and meal receipts to your insurer for reimbursement.

• Why should you get renters' insurance in Mission Viejo if you don't own much?

  You may not own that much, but the cost of replacing everything you own may be higher than you think. Without renters’ insurance, you would have to pay the cost out of your pocket—your landlord in Mission Viejo will not cover it. Making a list of your possessions and their replacement cost is a good place to start. You can then ask for a renters’ insurance quote to compare and decide whether it is worth taking out a policy.