Choosing the right type of insurance for your home and rental properties, or determining the coverage you need for your properties in Santa Clarita, CA, can be a daunting and confusing task. That’s why contacting our agents at QuoteBroker Insurance Services is a smart move. We can help you find the right policy to protect your assets.
Homeowners’ Insurance
In California, a standard homeowners’ policy is designed for the property inhabited by the owner. It covers the owner’s primary residence and provides necessary coverage for the home and property. However, it does not cover separate rental properties or any damage sustained at a rented residence. A separate rental property is considered a business investment and comes with liability issues. While not required by the state, if you own rental properties in Santa Clarita, CA, it’s worth considering landlord insurance to protect your investment.
Umbrella Insurance: Why You Should Have It
California does not require umbrella insurance, but owning rental property comes with potential risks. For example, a tenant or someone visiting the tenant could file a claim due to an injury on the property. These claims may exceed the limits of your homeowners’ or landlord insurance policies, putting your assets at risk. An umbrella policy provides additional protection by covering claims that go beyond the limits of a landlord insurance policy.
Contact Us
When it’s time to get insurance for your property in Santa Clarita, CA, let us answer all your questions. We’ll thoroughly explain the requirements, benefits, and options so you can make the right decision without unnecessary stress. Contact QuoteBroker Insurance Services today to ensure your assets and financial future are protected.
