Whether you’re fresh out of high school or college, moving to the Dallas area or settling into a new apartment or rental home, chances are your landlord will either require or “strongly suggest” that you purchase renters insurance. While this might seem like an unnecessary expense, renters insurance can be the difference between you having to go out of pocket thousands of dollars or not.
Unlike homeowner policies, your landlord (whether it’s an apartment or home) likely has an insurance policy on the actual structure that you live in. This policy covers their high dollar investment: the actual building itself, while not providing coverage for your actual physical belongings or coverage for liability that comes as a result of an act that you’re found negligent for. Think about it like this: your furniture, clothing, basic electronic devices, kitchen equipment etc. is not likely covered by your landlords insurance, and as a result if a fire or tornado destroys your house or apartment those items wouldn’t be replaced by insurance.
Another thing to think about, especially if you like to have people over, is the liability aspect that renters insurance provides. If someone is injured at your home or apartment and you’re found negligent for their injuries, you could be on the hook to pay for whatever damages they’re awarded. Typically, with renters insurance, you can add $300,000 of liability protection for just a few dollars per year.
All in all, renters insurance is an extremely affordable way to protect not only your personal belongings but also your future earnings in the event a liability judgement was placed against you. Your Dallas insurance agency, Lewis Family Insurance Group, can provide you with a number of options for renters insurance, many of which run less than 50 cents a day.
Call us at 972-752-0307for more information or to get your Dallas renters insurance policy started.