You know you need insurance. You know you need more than one type of insurance. If that’s all you know, you’re not alone. Your need for insurance, as well as the amount of coverage that is not only mandated by the state of California but also is best for your situation, is not always easy to understand. Don’t worry! Pronto Insurance is here to help young adults figure this whole thing out with our essential insurance checklist for Millenials!
California Auto Insurance
The state of California mandates that you have insurance coverage on your vehicle. It requires drivers to carry at least the following auto insurance coverages:
- Bodily injury liability coverage: $15,000 per person / $30,000 per accident minimum
- Property damage liability coverage: $5,000 minimum
- Uninsured motorist bodily injury coverage: $15,000 per person / $30,000 per accident minimum
- Uninsured motorist property damage coverage: $3,500 minimum
While these are the minimum coverages California requires you to have, everyone’s car insurance needs are unique. We recommend you speak to one of our friendly and professional representatives to get a personalized recommendation.
California Homeowners Insurance
Owning a home in California means worrying about break-ins, mudslides, earthquakes, floods, and fire. This is a huge investment and without homeowners insurance you could lose it all. Unlike California car insurance, homeowners insurance isn’t required by law in the state. However, if your home is financed with a mortgage, your lender will require homeowners insurance. Our insurance offers protection for your home and property, like Personal Liability Insurance, Dwelling Insurance Coverage, and Personal Property Insurance. Home insurance rates vary and are determined based on factors like your zip code, home’s size, credit score, and claims history.
Even if you don’t own a house, you still need protection over your personal possessions. That’s why non homeowners should opt for rental insurance. Your landlord probably has insurance for the home or building, but it will not offer any coverage for your personal property, tech devices, and furniture. You don’t want to have to start over with nothing after a catastrophic fire!
Other Types of Important Insurance
Homeowners insurance and car insurance are both two important to get wrong. They’re not the only type of protection you need in life though. For one, it’s incredibly important to have health insurance. You’re not a teenager anymore! In fact, maybe you are doing so well in your career that you own your own business now. You need commercial insurance! This type of insurance provides peace of mind of physical damage and liability coverage for amounts, situations, and usage not covered by a personal auto policy. It covers workers compensation and a variety of vehicles, like a fleet of trucks, in case you’re found legally liable for bodily injury or property damage that is caused by your business operations.
Do you have an RV? Do you have a boat? Do you have another type of watercraft, like a jet ski? There’s insurance for all of these as well! When you look at this list, we hope it’s a little easier to understand all of the insurance options available to you. We want you to be as covered as possible, for a price that fits easily into your monthly budget.