What is Renters Insurance?
Even if you live in a rental property, such as an apartment, condominium or house, it is important to protect yourself and your belongings. Renters Insurance mainly provides personal property, and liability coverage. Let Kevin Lee Company find coverage options that cover your valuables in Texas with a renters insurance policy.
Why do I need Renters Insurance?
People tend to underestimate the value of their possessions and the cost required to replace them. Ask yourself, “If I lose my belongings in a fire, could I buy them all back or afford to replace them?” Another reason is because your landlord’s policy is not enough. In general, their insurance covers their investment (the building that you rent) and not your personal property. In some cases, landlords require their tenants to obtain renters insurance as part of the leasing agreement. This is to minimize the landlord and tenant’s risk by having the property protected by both parties.
What does Renters Insurance Cover?
Personal Property: Provides protection for your personal belongings (furniture, electronics and clothing) when damaged by a covered peril. For expensive items such as jewelry, fur, art, antiques and musical instruments please ask your agent about “Scheduled Property”.
Liability: Protects you if you’re found to be liable for someone’s injuries on your property. This coverage will help cover legal expenses and medical costs.
Loss of Use: Also known as additional living expense, this coverage helps pay for the additional living costs if the home you rent gets damaged due to a covered accident and you need temporary housing.
Renters insurance is an inexpensive way to protect yourself from lawsuit and provide you with replacement belongings should they be involved in a covered loss or stolen. Call us today for a quote.