Here's your next financial side quest if you are a renter who have things and stuff in their homes.

Just weeks before the wildfires in California, Liberty Mutual, California's 4th largest property insurer, announced that by 2026, they would stop issuing home, condo, and renters insurance policies to their California clients. WHATTTT???

We've heard stories from clients who got renters insurance and three weeks later, their friends' apartment flooded. We've lived in buildings where the sprinklers go off on the 4th floor and the water damage trickled all the way down to the first floor apartments. Piles of clothes, mattresses, electronics, and furniture were in the trash the next day.

Renter's insurance cheap ($10-20/month) and covers $10k-20k worth of replacing your stuff. Take an hour or so one afternoon and apply for it.

Outline:

Do I really need renter’s insurance?

Yes, yes you do.

• Renter’s insurance covers all the contents in your apartment or home - anything you can pick up and walk away with

• Your landlord is not responsible for any damages to your stuff, even if they caused it

• If something is stolen from your car, renter’s insurance cover the contents, NOT car insurance

Where to get it

• Independent Insurance broker

• Policy Genius

• Need at least $10k of contents coverage and $500k personal liability coverage

• Costs between $5-30/month

• Bundle with your auto insurance carrier for discounted rates!

• Make sure there is a rider for water damage - this is not often included in most policies