renters insurance

[1loudsuv 10+ year member]

okay i got a policy with farmer's for $18 a month yesterday, and i had to pay right away $100 for $25,000 for earthquake damage.

am i getting stiffed or is it an okay price?

oh yah contents replacing is they pay what i paid for the item or to replace the item with a brand new one not depreciated value

here is what is included

Coverages

Limits Premium1

PERSONAL PROP 10,000 163.93

LOSS OF USE 2,000 Included

PERS LIABILITY 100,000 Included

GUEST MEDICAL 1,000 Included

INCR COMPUTER 2,000 6.40

CONTENTS REPL Covered 57.38

All Perils

Premium Summary

Annual Premium: 227.71

POLICY FEE (One time only) 12.00

Total $239.71

Monthly Premium 18.96

Click to read more...

 

[Rochambeau 10+ year member]

I am an insurance agent. Price for the property coverage seems OK but you don't have to buy earthquake. Not really worth it if you are a renter. What are the odds you lose your personal property from an earthquake, pretty slim as a renter unless the building completely collapses. Take the $100.00 and increase you personal property amount. $25,000 is kinda low. How much to replace every pot, every stitch of clothing, your TVs, your stereo, furniture, etc...

If you have any more questions, feel free to ask. It is the one way this newb (me) can actually be of use in this forum.

 

[4runnercrazy 10+ year member]

I live in cali also, but earthquake insurence is such a joke...*knock on wood*