Our Renters Insurance

Those of you who don’t own your home should consider renters insurance in Texas. In some cases your landlord may require you take it out as part of your lease. It is also a good idea because it protects you financially if your possessions are damaged or destroyed by something such as a fire or storm. Your landlord is required to replace the dwelling in its entirety by a certain time, but they are not responsible for the contents of the property such as furniture, clothes, tech, etc. You are most likely required to have renters insurance if you rent from a major property management company.

The Texas Department of Insurance has information on all sorts of renters insurance, as well as the laws that go with it.

Do I Need Renters Insurance in Texas?

You are not required by law to take out renters insurance. While your rental may have certain types of coverage, you may want to know if it covers items such as:

    • Personal property coverage – If it pays to repair or replace the items you own that are damaged.
    • Loss of use coverage – If it pays your additional living expenses if you cannot reside at your dwelling while is being repaired. Covered expenses include items including rent, meals, and other associated costs.
    • Personal liability coverage – If it protects if you or someone else is hurt in your home during the incident. Personal liability may also pays legal fees if the injured party sues you.

Texas renters insurance

Additional Types of Renters Insurance

Many different renters insurance options exist in Texas and across the nation. We will discuss the different types briefly, but please contact us if you are in the area and need to satisfy a lease and protect your items.

Actual Cash Value versus Replacement Cost Coverage

Replacement cost insurance means just what it sounds like. It is essentially the cost of replacing your lost possession with a brand-new version. If your 5 year old, $1,000 television gets fried by a lightning strike, you will be reimbursed the cost of buying a comparable model at the store. The same goes for clothes, furniture, appliances, jewelry, and everything else.

Actual cost insurance will reimburse you for the depreciated value of your possessions. Using the same example, your 5 year old, $1,000 television may only be worth $500 or less via your insurance company.

Of course, replacement cost insurance comes with a higher price tag, but can be worth the cost depending on the value of your possessions. As a result, we recommend speaking with an insurance broker to find the best fit for you.

Additional Disaster Coverage

Those of us in the area who were here remember Hurricane Harvey, all the damage it caused, and all the people who were displaced for months by the flood damage. And it wasn’t just those who lived on the first floor. Additional disaster coverage can include flood insurance to help if you are displaced from your home by a natural disaster or other event. Flood insurance is not generally covered on a traditional renter’s policy. Even loss of use and living expenses may only take effect in the event of a covered peril. Your landlord may or may not have it, so it is up to you to find out. If not, you may purchase additional disaster coverage yourself to protect yourself should your home become uninhabitable.

Additional Coverage for Expensive Items jewelry, art, electronics, and other expensive items.

Traditional renter’s insurance only covers up to a certain amount. However, many of you may have additional expensive items that will only be covered up to a certain point by regular types of coverage. This is where additional coverage comes in. You may cover one exclusive item or many. These items can include engagement rings, firearm collections, artwork, antiques, and anything else that may not fall under traditional renter’s insurance.

Business Renters Insurance

Are you a business who rents their workspace? You will most likely also need insurance to protect your property housed in the rental. Everything from expensive office equipment to inventory to personal files should all be protected to avoid worst case scenarios. In fact, many areas and landlords may require you to take out business renters insurance. As a result, we highly recommend you save time and money by contacting an experienced insurance broker in your area to take away all the guess work.

How It Works

  • 1. Contact Us

    Fill out our form, give us a call, or send us an email with your information.

  • 2. Research

    We research all the leading and lesser known insurance companies.

  • 3. Analyze

    We contact you at your convenience via the method of your choice with your best options.

  • 4. Choose

    We help you make the best decision for your needs and even sign you up!

  • 5. Pay

    Let us know your payment preferences: monthly, yearly, etc and we will do the rest!