Renters often overlook the importance of renters insurance. In the event of a theft, natural disaster, or unexpected catastrophe, renters insurance can protect your assets. Whether you rent a single family house, apartment, townhouse, or condominium, renters insurance can provide you with both property coverage and liability. Ask these critical questions when acquiring renters insurance.
1. What does renters insurance cover?
Rental insurance policies differ in regards to coverage. The most common types of coverage include personal property protection, liability protection, reimbursed living expenses, and guest medical protection.
2. Does my landlord’s insurance cover my assets?
Landlords generally only carry insurance that will cover the structure itself, not the items inside. You may still be liable for damages in which you were held accountable for, such as a fire you started.
3. Do I need renters insurance if my belongings are not expensive?
Many renters feel that they don’t need renters insurance because they don’t own many expensive items. The costs of furniture, electronics, appliances, and clothing can add up to a significant amount and can be difficult to replace without insurance.
For more information about renters insurance in McKinney, Texas, please contact Gant Insurance Agency, Inc. Call now to ask questions or to get a quote.