What a great place to be transferred to! Renters insurance in San Diego will run you around $15 a month, or $185 a year, which is slightly more expensive than the national average of $160.
When purchasing a policy, you should consider a couple of factors.
How large of a deductible can you tolerate? Policies with larger deductibles are less expensive. However, look at how much you’ll save vs. what you’ll have to pay out-of-pocket. For instance, would you be comfortable paying out the first $1,500 or $2,000 of a claim?
Do you want to pay more for replacement cash value (RCV) coverage? RCV coverage is more expensive than actual cash value (ACV) coverage. This is because ACV coverage calculates the depreciated value of an item. With RCV, you’re cut a check from the insurance company to purchase a brand new item.
How much personal liability coverage (Coverage E) do you need? It’s likely your landlord will require you to have a minimum amount of personal liability coverage. Take a look at your lease to find out the amount.
Best wishes on your move to lovely, sunny San Diego!
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