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Pomona, CA 91766

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California Insurance Blog

Do You Need Special Coverage When You Rent a Car?

If you’re a California driver, you must purchase auto insurance. Many drivers need assistance from an auto insurance agent. If you live near Pomona, CA, our team at THINK Insurance & Financial Services can help you choose the policy that’s best for you. We’ve been working with California drivers like you since 2007.

Do You Need Special Coverage When You Rent a Car?

You may wonder if your auto insurance policy will cover a rental car. According to Ramsey Solutions, standard auto insurance policies typically cover a rental car, as long as there is a clause in your current policy specifying car rental coverage. People who don’t own a car may not have auto insurance, so the rental agency can provide them with liability insurance for the time they drive the rental car.

There are some situations where you may want to buy additional car insurance for a rental car. If your current auto insurance doesn’t include comprehensive and collision coverage, it is wise to get insurance from the rental agency. Many people compare the liability coverage on their policy to the amount recommended by the rental agency. If your liability coverage isn’t high enough, it can be a good idea to purchase additional coverage.

Call Us for Your Appointment Today

Even safe drivers can be victims of accidents, so make sure you have the auto insurance you need. Our team at THINK Insurance & Financial Services will help you find the coverage you need at a price that fits your budget. Drivers from Pomona, CA, have learned they can bring us all their insurance questions. Call us today to schedule your appointment and ensure you’re covered when driving your car.

Is Home Insurance Different for a Rental Property?

If you’re considering renting out part or all of your Pomona, CA, home, it’s crucial to understand how this decision impacts your home insurance coverage. You may need to upgrade your current policy or purchase a new one to ensure your property and tenants are adequately protected.

Insuring Owner-Occupied Properties

If you plan to continue living on the property while renting out a portion of it, you can likely keep your home insurance policy. However, you’ll typically need to add an endorsement to your policy, so it’s important to discuss this with your insurance agent. This option is ideal for homeowners with duplexes or houses that include separate apartments.

Do You Need Landlord Insurance?

If you’re renting out an entire building with one or more units, you’ll likely need to replace your home insurance policy with landlord insurance. The exception is that some insurers may allow you to cover certain short-term rentals by adding an endorsement to your home insurance policy. This is suitable if you only rent out your property occasionally.

Landlord insurance primarily covers the building and liability. It can protect you if a tenant suffers accidental injuries or files a lawsuit against you for unlawful eviction. However, it typically does not cover tenants’ personal belongings. Tenants should purchase their own renters’ insurance policies to protect their possessions.

Contact THINK Insurance & Financial Services for Assistance

THINK Insurance & Financial Services can help ensure you have the right coverage for your rental property. We take the time to understand your specific property and rental plans. As an independent agency, we offer a wide range of coverage options to meet your needs. To get started, contact the THINK Insurance & Financial Services office in Pomona, CA, by calling 855-484-4654 today.

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