When you are renting a housing unit, there are insurance policies that you need as well as those that you don’t. You don’t have to have a home policy, as the dwelling itself is not up to you to maintain. The owner of the property has to have this kind of coverage. As a renter, you simply need renters’ insurance. If you need this coverage, call us at Strack Insurance Services in Arlington, TX to make an appointment to talk to an agent about your insurance needs.
The main coverage type included in a renters’ insurance policy is coverage for all of your stuff. If it is in your rental unit, it needs to be covered. Be sure to assess everything that you own so that you know the value of it all. This will help when choosing a rental insurance amount of coverage. Be sure to document your belongings as well, taking a quick video of it all or pictures of each room and closet. This will help to prove that these belongings were in the unit if a disaster were to happen.
A Habitable Home
Another part of renters’ insurance is coverage in case an incident makes your rental unit uninhabitable. The insurance policy will then pay for you to live somewhere habitable while your rental is being fixed and/or rebuilt. This helps to preserve your standard of living if the worst should happen.
When someone who doesn’t live in your home has an accident there or gets sick while visiting, you may be held liable for the incident. That’s why renters’ insurance policies contain some liability coverage for just that occasion. This can save you from having to pay for someone’s medical bills out of pocket.
Get Your Renters’ Policy
If you rent your home and need coverage for it, call us at Strack Insurance Services in Arlington, TX to talk to an agent about getting a renters’ policy of your own.