Experts in the industry say that although moving day can be a very complex time and there are already a number of things that a renter has to remember, renters’ insurance should also be considered to be one of those vital elements on the moving day checklist. While some landlords require that their tenants have a policy, others leave it up to the individual renters. It helps to protect renters from damage, theft, or destruction of their valuable and personal items in the case of a break-in, fire, or other…
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New California earthquake bill promises lower rates and more coverage
After seeing earthquakes rip through Japan and New Zealand, California is now being eyeballed as many realize how under-insured residents truly are. A new bill backed by California senators, Barbara Boxer and Dianne Feinstein, is promising high insurance premiums to be cut by 30% and a reduction of large deductibles for homeowners – without having to come out of the tax-payers pocket. The bill proposes that the California Earthquake Authority, a state run non-profit insurance program, will be allowed to apply for what’s called a, “guaranteed federal loan” in the event…
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