Each year, many Richardson renters make the mistake of thinking that their landlord is responsible for replacing personal property items in the event of a fire, flood, or other loss situation. The truth is that each tenant is responsible for having their own policy to protect themselves in the event of a claim. This is where having renters insurance coverage becomes important.
Why You Need Renters Insurance Coverage
Personal property coverage is perhaps the most important reason to consider purchasing renters insurance. Imagine a scenario where you would have to replace everything inside your home—furniture, clothing, cookware, toys, elections, etc. The cost would be astronomical if you had to pay out-of-pocket. Having a policy ensures your ability to replace these items in the event of the unthinkable without causing financial hardship.
Liability coverage is also another facet of a renters insurance policy. This provision helps protect you against claims of injury or damage to another person or their property. Examples include situations where a guest in your home is injured or if your child accidentally breaks a neighbor's window with a baseball. If you own a pet, having renters insurance could even protect you against medical bills associated with a dog bite. The full list of situations where having this coverage becomes important is nearly impossible to list.
Another reason to consider renters insurance is that many Texas landlords are requiring tenants to show proof of coverage the time of lease signing. Many large apartment complexes and property management firms in the area understand the importance of educating
Why Work with Us?
At Eichelmann Insurance Agency, we are independent insurance agents. This means that we offer policies from a variety of insurance carriers to help you find the one that suits your individual needs and budget the best.
Still unsure about renters insurance coverage? Our knowledgeable team is ready to help. Please contact us today for more information or a no-obligation quote.