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Renters Insurance – Coverage and Cost

renters insuranceMany people believe they don’t need to carry insurance if they don’t own their home or residence. However, renters insurance is precisely for renters, whether you rent a home, apartment, condo or other dwelling. Renters insurance provides coverage for personal property or belongings (furniture, small appliances, electronics, clothing, jewelry, and other personal valuables). Renters insurance will also help to protect your assets if a guest or visitor is injured in your home as a result of your negligence, and sues you. And finally, if the home you live in needs serious repairs, and you’re unable to live there, renters insurance will cover reasonable and necessary increase in living expenses (housing, food, etc) that you may incur. In fact, some property managers require renters to purchase a renters insurance policy.



Property – It’s easy to underestimate the contents of your home. Use a home inventory checklist to help determine the amount of property coverage that’s appropriate for you.

Liability – Consider all of your assets (cash in the bank, investments, other properties) when deciding how much liability coverage you want to purchase.

Valuables – A renters insurance policy has limits in place for certain kinds of high-value property, such as jewelry, art or musical instruments.  If you own these items and they exceed the limits stated in your policy, you may consider purchasing optional Personal Articles Floaters.



Customers are often surprised to discover that renters insurance is very affordable. Often $12-15 per month gets you basic coverage — about $10,000 in personal property coverage and $100,000 in liability. There are always options to increase coverage according to your needs. For example, increasing liability coverage up to $500,000 is typically an additional $50/year (estimated).

Furthermore, having renters insurance qualifies you for a multi-line discount, which can decrease the premiums on your other Farmers Insurance policies, such as auto and life insurance.

Renters insurance is not to be confused with a Landlord Protector policy, which is for owners who rent their home or building out to others. If you have any questions about Farmers Renters or Home Insurance or discounts, please call me at (949) 436-0740.

Farmers Umbrella Insurance

You may think of your driveway as a simple strip of concrete that takes you from your private property to public roadways. However your driveway is your responsibility, make sure it’s properly maintained so it doesn’t become a hazard.

Driveways don’t stay smooth forever — uneven pavers or driveway cracks and potholes are a common problem. They compromise the appearance of the driveway, can be hard on your car and most importantly, can present a tripping hazard. If someone trips and falls on your property, you could be legally responsible for their injuries. And some homeowner’s insurance policies may not offer enough protection against major personal liability claims.

What would you do if a mishap occurred on your property and caused damage or injuries beyond the terms of your homeowners insurance? Worse yet, what would you do if you found yourself named as the defendant in a multi-million dollar lawsuit because of damages or injuries that occurred on your property? We don’t expect the unthinkable to happen but sometimes it does. Although there’s no way to completely avoid the possibility of being sued, there is a way to help reduce the potential impact of a devastating lawsuit: personal liability coverage. 

Do you have an umbrella?
Farmers umbrella insuranceFarmers Personal Liability Umbrella insurance supplements the liability coverage you already have through your homeowners or auto insurance and provides an extra layer of protection through increased or excess coverage limits. The umbrella policy kicks in when you reach the limit on your underlying liability coverage. Most importantly, the cost of your legal defense is provided for a covered loss.

Plan for the unexpected
Most of us work very hard to accumulate assets — it’s important to try to protect them. You never know when the unexpected may occur — make sure you’re prepared and don’t forget your umbrella. Farmers Insurance umbrella policies are relatively inexpensive, compared to the coverage they provide.  The average umbrella policy, providing an additional $1 million in liability protection, costs under $300 per year. Call me for more information.

You may want to consider purchasing a Personal Umbrella policy if:

  • You want greater liability coverage than you already have through your Farmers homeowners or auto insurance.
  • Your total assets exceed your underlying liability limits.
  • You want to make sure your current assets and future earnings are protected.
  • You earn or have the potential to earn significant income.
  • You have or have the potential to have assets over $1 million, including property and vehicles.
  • You are financially responsible for a young or inexperienced driver.
  • You frequently carpool young children.
  • You own or operate an aircraft or boat.
  • You own a swimming pool, trampoline or dog.
  • You own waterfront property, a farm or a ranch.
  • You own a rental home occupied by tenants.
  • You employ one or more people in your home.

Read more about Farmers umbrella insurance here.  If you have any questions about Farmers Umbrella Insurance or would like a quote with no obligation, please call me at (949) 436-0740.

When It Rains, You Need Umbrella Insurance

umbrella insuranceMost people know that you can choose the amount of personal liability coverage that is included in your home and auto policies.  What some don’t realize, however, is that home and auto insurance policies have limits on liability insurance (typically $1,000,000 each) and it’s much more cost effective (i.e. CHEAPER) to purchase an umbrella policy.

If an unfortunate accident should happen that is your fault, do your current policies carry enough liability coverage?  In today’s world, lawsuits are prevalent.  Lawyers are expensive, courtroom verdicts are sometimes unpredictable, and judges are awarding larger amounts of money than ever.  Umbrella insurance is not just for the wealthy, but is a prudent means of protection for every policyholder.

Umbrella insurance is designed to give added liability protection above and beyond the limits on personal homeowners and auto insurance policies. With an umbrella policy at Farmers Insurance, you can add an additional $1 million to $5 million in liability protection. This protection is designed to step in after the liability limits on your home and auto insurance policies have been exhausted. Note that this is coverage on your personal endeavors and liabilities, not anything business-related.

Liability insurance is the portion of a policy that covers expenses such as medical bills and lost wages of someone else (not you or your family). The liability portion of an insurance policy also covers a legal defense representative if the negligence happens to land you in the court room.  After adding up all of the medical expenses for the injured and the legal fees of the negligent person, the standard liability in a homeowners or auto policy is often not enough.  Almost every state in the U.S. has financial responsibility laws that hold drivers accountable for bodily injury and property damage resulting from car accidents, and lawsuits often result.  Personal assets from the at-fault driver could potentially be seized to cover the judgement.

A personal liability umbrella insurance policy can give added liability protection without a large added cost –a $1 million umbrella policy normally costs between $200-$400 per year in premium.  This cost is relatively inexpensive when compared to the added coverage gained.  Furthermore, the liability coverage under an umbrella insurance policy extends anywhere in the world.  Having the added protection of an umbrella policy is coverage no one should go without.

Please call me at 949-436-0740 if you have any questions about your personal liability limits or to discuss the option of a Farmers Umbrella Insurance policy.