Renters insurance in Highland Village, TX can help you replace damaged or stolen items to make sure you don’t have to suffer as much after a crisis. Things can get a little tricky when your roommate is the one who puts you in that situation, though. 

Specific Exclusions

Some companies have a specific exclusion stating they will not provide coverage if the damage was caused by someone else who lived in the home. This is to help prevent insurance fraud. It does vary by company, so it’s a good idea to speak with an agent here at Thompson Insurance Services to learn about your policy. 

File a Police Report

Companies that will provide coverage often require that you file a police report against the person who caused the damage. You may have to press charges for vandalism or theft. Then, the company may sue them to get their money back. Make sure you’re prepared to do this. If it’s too late to file a police report because the incident happened weeks ago, you may be out of luck. 

Compare the Deductible

The deductible is how much you have to pay before your renters insurance kicks in to help you out. Most people set a deductible with their agent when they purchase a policy. Consider how much your deductible is and how much the items are worth. If it’s cheaper to replace them, filing a claim usually isn’t worth it. 

Agents here at Thompson Insurance Services can help you learn more about what your policy covers and whether you should file a claim. Contact us today to learn more. We’re currently serving the Highland Village, TX area.