Whether you’re renting in Austin, Dallas, Fort Worth or Houston, renters insurance is very affordable to all the Lone Star State’s tenants! In order to help tenants get the most affordable renters insurance rates in Texas, we have an online customer portal for clients to get FREE Renters Insurance Quotes and also buy the policy when they see fit.
Renters Insurance will help keep your personal property safe, whether your stuff is in your apartment, at your office or in the trunk of your car. Whether you rent an apartment, a house or a condo, renters insurance will give you peace of mind!
Although many tenants seem to buy renters insurance solely because the Landlord requires it, the insurance is actually a very valuable policy to have! Your personal belongings could cost you a lot of money to replace in the event of a loss; but not only that, how about a legal claim against you for negligence? Personal Liability, in most cases, offers a higher limit of coverage than the personal contents section of the policy.
The basic Texas Renters Insurance Policy (Form HO-4) may cover Personal Property, Additional Living Expenses, Personal Liability & Guest Medical Payments to Others. The primary reason that Landlords require Renters Insurance is for the Personal Liability Section; it is very common today to bump into Landlords requiring Renters Insurance listing them as ‘Additional Insured’ in order for them to be notified of any and all changes to policy per the lease contract.
For tenants interested in coverage for personal property, it is absolutely essential that the policy has the Replacement Cost Coverage endorsement to assure that the personal property is replaced as new in the event of a covered loss; although we expect the deductible to be withdrawn before any payout of a renters insurance claim, we certainly wouldn’t be happy if we were to face depreciation as well.