A person can have a range of different insurance policies. If they rent, rather than own, the place they live, one type of policy they may have is a renters insurance policy. Among the things there is a fair amount of variation in when it comes to such policies is their cost. One of the things that can have implications on what a renters insurance policy ends up costing for a renter is where they live. This can be seen in a report on renters insurance rates in California. The report put the average cost of renters insurance in the state at $321 a year (based on a sample property and policyholder). However, some of California’s cities are seeing significantly larger rates. For example, Ventura County’ average rate is $509 a year, while Beverly Hills’ came in at $531 a year. In addition to outpacing the state rate, these rates reportedly outpace the rates of…Read More
Insurance companies are always going to be concerned about their profits. They will care about you, the policy holder, to the extent that they are required. But they will always try to mitigate their liability in any claim that you bring. Having said that, there are perfectly reasonable and legal reasons for an insurance company — may it be auto insurance company or a life insurance company — to deny your claim. Here are just a few of them: Your policy expired or you failed to keep up with monthly premiums. In these cases, there is little you can do. If you let your policy expire, either unknowingly or purposely, it means your coverage is gone. The contestability period. This is a period of time, usually two years, after a policy is signed by you and your insurer. If a claim is made during that time, the insurance company may contest your claim on the…Read More
