The Basics of Renters Insurance

If you’re a renter, it’s important to have renters insurance. Here are the basics of what it is and why you need it.

What Is Renters Insurance?

Renters insurance covers your personal property, which means anything of value that belongs to you. This includes items like clothing, furniture, electronics, and other household items. It may also cover costs associated with some claims for temporary housing while repairs are made if the home was damaged by a covered peril (i.e., fire or storm). It also helps protect your legal liability if you are sued by someone injured at your rental property.

What Does Renters Insurance Not Cover?

Renters insurance protects a tenant’s personal property, but it doesn’t typically pay to replace the structure of the dwelling itself. If you own furniture or appliances, it’s important to know the item’s value. If you’re not sure, take some time to make a list or photograph some of your favorite items. This would help you understand how much it would cost to replace them if they were lost in a disaster. It’s also important to note that while renters’ insurance covers personal possessions, some items may need additional coverage (i.e., jewelry or furs) if they are particularly valuable.

Why Do I Need It?

When you rent an apartment or house, it means that the property owner is responsible for insuring the structure of the dwelling you live in. But if something happens to your personal belongings due to a fire, theft, or other covered event, renters insurance can help cover your losses.

Looking for Insurance in Victoria, TX?

If you’re a renter, it’s vital to get renters insurance. At Atzenhoffer Insurance Agency, we can help you get the coverage you need for your most valuable possessions. At Atzenhoffer Insurance, we believe in treating our customers like family. We’ll work with you to ensure you have coverage that meets your specific needs.