Do I Need Renters Insurance?
Many landlords and apartments in Spicewood, TX and nearby areas of Texas now require tenants to buy renters insurance. The good news is that renters insurance costs less than you might think and it protects both you and your personal belongings.
Coverage for Personal Property
Your landlord’s insurance policy covers the building, but it doesn’t cover your belongings or your liability. Most renters have personal belongings worth tens of thousands of dollars when purchased. The costs of replacing clothing, furniture, jewelry, and electronics can add up quickly. Without insurance coverage, everything you own could be at risk. If your Texas apartment is damaged by water, fire, or another covered peril and your belongings are destroyed, a renters insurance policy can help pay for your loss.
Coverage for Personal Liability
A renters insurance policy also covers your personal liability up to the policy limit you choose. If someone is injured accidentally, your renters’ insurance policy provides coverage, in most cases, and will help pay for your legal defense.
Coverage for Loss of Use
Fire or other covered losses can leave you without a home. Your renters’ insurance policy can help cover the cost of hotels or temporary housing as well as the cost of eating out. Renters insurance is one of the most affordable types of insurance. Whiteside Insurance Agency, LLC can insure Spicewood, TX renters with a variety of policies without cutting corners on essential coverage.