Are you a renter that lives in the Tomball, TX area? Did you know that renters insurance is as important to you as homeowners insurance is to a homeowner? Let the professionals at the Great Southern Agency explain why.
Why Renters Insurance?
Renters insurance, sometimes called tenants’ insurance, provides some of the benefits of a homeowners’ insurance policy. However, it does not cover the dwelling or structure. The owner of the building has insurance to cover the structure and has no responsibility for the tenant’s personal property.
Renters insurance provides liability coverage in the event someone gets hurt while visiting you. If you couldn’t pay their medical expenses and they sued you, how could you cover court costs? You will have coverage to cover an injury to a visitor, or if your dog bites someone.
The tenant’s personal belongings are covered against theft, fire, vandalism, or weather event.
It will also provide temporary accommodation if the unit becomes uninhabitable while repairs are made. Most renters insurance includes coverage for any additional expenses incurred during that time. If your rent is $950 per month, but you are unable to live in it for the next month while repairs are underway, your renter’s policy would cover additional living expenses beyond the $950 for hotel, meals, etc.
Because renters insurance mainly protects the renter’s personal property against loss and provides liability coverage, it is considerably less expensive than a homeowners’ policy. Premiums across the country average between $15 and $30 per month based on the size of the unit, your possessions, and the location. For the cost of two movie tickets or the cost of a lunch or two, you can protect your personal property and have liability coverage as well.
Contact Us Today
Don’t leave your personal property unprotected. Contact our team at Great Southern Agency in Tomball, TX to get the protection you need for your belongings.