If you’re renting a house or apartment, renter’s insurance offers you a means of protecting your personal property. Your landlord’s insurance will protect the building where you live – not your personal possessions. A renter’s insurance policy from Strack Insurance Services in Arlington, TX will ensure your valuables are protected against theft, vandalism or loss.  

As a renter, it’s important you know the facts about renter’s insurance so you can take advantage of what it has to offer. Here are some common myths about this coverage followed by the facts.   

Myth: Landlord’s insurance protects a renter’s personal goods

When landlords take out insurance, it’s to protect their building – not a tenant’s personal goods. As a tenant, you are responsible for the safety of your possessions. Renter’s insurance can provide the protection you need.  

Myth: Renter’s insurance is extremely costly

Renter’s insurance costs vary depending on the coverage you want. On average, a policy offering approximately $30,000 worth of property protection costs about $12 a month. By personalizing your policy, you can get just the coverage you need at an affordable price.

Myth: Your goods aren’t valuable enough to warrant insurance coverage

If you think your goods aren’t valuable, consider what it would cost to replace them out of pocket if they were destroyed by fire. You’ll gain a better perspective of the importance of a renter’s policy.  

Myth: Renter’s insurance only protects personal property

In addition to protecting personal property, renter’s insurance offers liability coverage to protect your interests in the event you’re held liable for injuries or property damage to others due to accidents you cause on or off your property. This includes damage to your landlord’s property.

Myth: It’s hard to obtain a renter’s policy.

For prompt and effective services in obtaining the renter’s policy you need, contact Strack Insurance Services, Arlington, TX today. 

You might wonder if you need general liability and how it can benefit you. It covers numerous instances that could possibly occur that could affect your financial well-being if you don’t have general liability insurance. At Strack Insurance Services, serving Arlington, TX and the surrounding area, we offer general liability that covers these issues and many others. 

1. Bodily Harm

Let’s say you have an employee that mops your floor and doesn’t put a sign up to warn your clients about the wet floor. Someone falls and gets hurt as a result of your employee’s negligence. This classifies as bodily harm. 

2. False Claims, Defamation, and Copyright Infringement

Let’s say you unknowingly use the same phrasing as another company in your field of interest. If the company should happen to catch a glimpse of your advertising, the company could sue you for copyright infringement. On the other hand, you could accidentally make false claims about one of your competitors, which could lead to a lawsuit from that company for defamation. 

3. Legal Fees

If you should happen to be sued for copyright infringement, the other party has the right to request you cover the attorney fees. A general liability policy will cover the price of attorney fees if you have to pay for them.

4. Covers Property Damage Caused by You

No matter how good you are at your job, accidents and negligence happens sometimes. For that reason, general liability insurance is vital. It covers in the event you do something that damages your client’s property or other possessions. One mistake could cost you your entire business if you don’t have general liability insurance. 

Contact Strack Insurance Services, serving Arlington, TX and the surrounding area, by calling 817-557-0100 to receive a quote for a general liability policy to protect you and your business.