Both renters and property owners can benefit from property insurance. It’s a broad term that includes policies to provide financial reimbursement to the owner or renter. It protects the integrity of the structure and its contents in case of damage, theft, or injury of a person on the property. Alta Vista Insurance Agency is here to assist Vista, CA residents to understand the nuances of the different types of coverage options available.

Types of Property Insurance

Homeowners Insurance

A form of property insurance, homeowners’ insurance is crucial to protect your family and possessions. It also includes liability coverage against accidents in the home. This type of property insurance only covers owner-occupied residencies.

Renters Insurance

Renters insurance helps protect your possessions if they are damaged or stolen. It can also protect you if a guest becomes injured in your apartment, house, or condo.

Landlord Insurance

This type of insurance protects rental property owners from damage to the residence and may cover loss of rent in the case of a covered claim. Having landlord insurance will protect your investment from costly threats.

Earthquake Insurance

Most California residents live within 30 miles of an active earthquake fault. Earthquake insurance covers damages caused by an earthquake. The value of the items lost will be assessed, and you will be reimbursed for that amount.

Flood Insurance

The National Flood Insurance Program (NFIP) is overseen by the Federal Emergency Management Agency (FEMA). Property owners in participating areas can purchase this type of insurance against flood losses in exchange for floodplain management regulations. Ninety-nine percent of California communities participate in the NFIP.