Without it, if something were to happen such as an accidental fire, you'd be on the hook for
damages to the apartment as well as to your neighbors.
While you are out, that candle starts a fire that
does damage to the apartment, the neighboring apartment and a large number of your personal belongings.
Instead of you carrying renters insurance to cover potential
negligent damage to the apartment and your neighbors, you pay a small monthly fee, due and payable as additional rent.
Even if the
only damage to your apartment is from water or smoke, you'd still have coverage for your personal property or for loss of use in most situations.
The leasing company claims that there are
more damages to the apartment, but I previously had reported them to the maintenance staff a long time ago.
Generally, if you cause
damage to the apartment beyond normal wear and tear, the landlord can deduct the money for the repairs from the security deposit.
For instance, if your washing machine suddenly breaks resulting in
water damage to your apartment and the belongings inside, your renters insurance policy will usually cover the costs.
Without it, if something were to happen such as an accidental fire, you'd be on the hook for
damages to the apartment as well as to your neighbors.
Instead of you carrying renters insurance to cover potential
negligent damage to the apartment and your neighbors, you pay a small monthly fee, due and payable as additional rent.
Even if the
only damage to your apartment is from water or smoke, you'd still have coverage for your personal property or for loss of use in most situations.
Your Regency Pointe Apartments renters insurance policy from Effective Coverage will also cover hotel or other accommodation costs if
damage to your apartment dislodges you.
Thirty thousand dollars of
damage to the apartment later, they're looking at a renters insurance claim denied because Lisa was never added to the policy.
Because you will live so close to the water in Los Angeles, it is very possible that one of these storms could cause massive
flood damage to your apartment or rental home.