Understanding What’s Covered Under Your Renters Insurance Policy

A renters insurance policy is designed to protect the personal property of a tenant. While most property owners will have a homeowners policy or commercial insurance for the actual building, that policy does not cover personal items belonging to tenants.

What’s covered under renters insurance

While the exact coverage can be different depending on the carrier you choose, most policies provide several standard features. As a renter, your belongings would be covered up to your limit if the items were destroyed by a covered event. Fire, storm damage and theft are the common events.

Coverage normally includes personal liability protection. This protects you from a lawsuit if a guest is injured in your residence. Medical payments for injuries to guests are included up to your chosen limit. If you, or a family member, damage someone else’s property, it is also covered under your liability protection.

Most policies will provide you with coverage for additional living expenses (ALE) if your current residence is destroyed and unlivable. ALE pays the difference between your regular expenses and those you incur for temporary shelter.

Purchasing renters insurance in Murrieta and the Southern California area is well worth the low cost, likely less than you pay for two movie tickets a month. Contact Stromsoe Insurance Agency and let a professional explain all of the benefits of renters insurance to you.

Earthquake Safety and Preparedness: Don’t Get Caught Off Guard

Residents of Southern California know that an earthquake can happen at any time. While some locations are more prone to quakes than others are, everyone should be prepared for an earthquake.

Tips for earthquake safety

Make sure that you have enough food and water for yourself and your family. This should include one gallon of water per person, per day. Food should be easy to open and not require heating. Rotate your stored food supply to keep it fresh. Have a first aid kit available and never light matches where there is potential for a broken gas line.

Secure heavy pictures, bookcases and appliances in your residence. Low cost kits are available for this and the kits are easy to install. According to FEMA, most injuries occur from objects falling, glass breaking or walls collapsing. Take shelter under a heavy table or strong doorway. Stay away from windows.

Homeowners and renters insurance policies do not normally include protection from earthquake damage. Southern California residents should have a separate policy. Stromsoe Insurance Agency has professionals ready to help you understand what is covered under an earthquake insurance policy. Contact Stromsoe Insurance Agency today and get the lowest rates for the protection you need.

Do I Need Life Insurance?

Unless you have plenty of money saved to support your dependents when you pass away, a life insurance policy is should be considered necessary. What does life insurance cover?  It will give your loved ones money to continue their present lifestyle without making drastic changes, and without having to go into debt to pay for the funeral and burial.

Minors don’t really need a whole lot of insurance since no one depends on them for income. Having a rider or small policy which covers funeral and burial costs is a good idea.

College students and young adults typically don’t feel the need for insurance if they’re single, but if they’ve co-signed with family or friends on student or auto loans, a life insurance policy will pay off the debts so that the co-signer doesn’t get stuck with the debt.

Young families should consider a term insurance policy that covers them until the kids are out of school. Even stay at home parents should have a policy since they provide valuable services for the family, which otherwise cost a significant amount of money.

Retirees who have a nice nest egg don’t usually need life insurance, but if you don’t have savings, it’s a great investment which will benefit your partner.

If you’re in the Murietta, CA area and looking for affordable insurance, contact the agents at Stromsoe Insurance Agency today.

Patriot Day 2013: Remembering Our Heroes

The people who represent Stromsoe Insurance Agency remember those who died on September 11th, and they celebrate their heroic lives today, Patriot Day 2013. Remembering the tragedy of September 11th by honoring the innocent victims who died gives Americans opportunities to cherish the lives of past American heroes.

Today also celebrates the lives of American heroes who willingly gave up their lives to defend America and Americans, including soldiers who fought for the rights of all Americans during the American Revolution.

People who want to learn more about total insurance coverage protection for their families can call Stromsoe Insurance Agency and speak with an experienced agent.  

Wishes For Children Golf Tournament

Wishes for Children grants wishes and makes dreams come true for underprivileged children and kids battling life-threatening illnesses.  Throughout the year, the Temecula Valley branch works hard to raise funds to grant as many wishes as possible for children in our very own area.

This year they will be hosting the Wishes for Children Charity Golf Classic at the beautiful Temecula Creek Inn.  The event will be held on Friday, September 13th and registration begins at 9 a.m. The cost is $175 per person which includes golf, lunch, free gifts, raffles and a VIP banquet.  All proceeds from the golf tournament will be used to grant wishes so please come support this worthwhile cause!  For more information about the  golf outing click here.

If you live in or have a business in the Temecula area, the Stromsoe Insurance Agency can help you with all of your insurance needs. Contact us today to speak to an agent.

What’s Not Covered Under My Homeowners Insurance?

When you buy a home, obtaining a standard homeowners insurance policy is almost a given. It is important to get at least this level of coverage, referred to as an HO-3 policy, because it will offer protection from many of the things that could go wrong at your home such as damage from lightning, wind or fire as well as a certain percentage of losses sustained from theft.

The mistake many homeowners make is assuming their standard homeowners insurance policy will be a catch all for any possible catastrophe they might face. In the midst of all the chaos that comes with buying a home, many just get the required coverage, but stopping at standard coverage falls short in many different areas. For example damage from floods, earth movement (i.e. earthquakes or landslides), power failure, neglect, water damage, birds or vermin, mold, wear and tear, government action, or war will normally not be covered.

In order to be better protected, many people invest in an add on policy, such as flood or earthquake insurance, or extra protection that will cover more of their personal property.

Of course, policies can vary quite a bit from person to person, so the only way to tell for sure what is covered and not covered is to look closely at your policy. It’s important to do this before catastrophe strikes in order to determine what types of additional coverage you might need.

All the options and offers from different insurance companies can easily become confusing, but when it comes to the security of your home and family, confused is not how you want to feel. At Stromsoe Insurance Agency in Murietta, CA, we work with 44 different insurance companies and have seen many different insurance policies for many types of insurance — including HO-3 policies. While it’s important for you to read through your own policy carefully, we can help you identify the gaps in your coverage and help you research which insurers might be able to fill those voids. To learn more on how to make sure your home is truly covered, contact Stromsoe Insurance Agency today.