Renters Insurance for Less Than a Year: Exploring the Possibility

Renters insurance typically includes policies that last for one year and require annual renewal. However, some situations may not need a year’s worth of coverage. For example, you might live in a rental unit in Highland Village, TX for three months, six months, nine months, or another short duration. Most would skip it because it’s a brief stay, but that decision is unwise.

Can tenants secure renters’ insurance that lasts less than a year?

Of course. The easier route is to get a standard renters insurance policy and use what you need. When the duration expires, move your policy to your new rental area or cancel it. If you choose to move your insurance to your new location, call an agent at Thompson Insurance Services to change the address. Conversely, cancellation requires you to handle fee payments and receive refunds for any unused coverage. Some include cancellation fees, some will refund a portion of the funds, and some will combine the two. The answer depends on the carrier.

The stressful route to take is to find a six-month renters insurance policy, short-term renters insurance for tenants, or a month-to-month renters insurance policy. Few carriers offer renters insurance for less than a year, but one of our agents will review their policies if you ask about it.

Is it better to skip renters insurance until you arrive at your new place?

No. Renters insurance can protect your belongings from damage and guests from injury during your temporary visit in Highland Village, TX. Anything can happen in that timeframe. Renters’ insurance acts as a safety net for those unforeseen circumstances. It’s better to be safe now than sorry later.

Don’t skip renters insurance; their policies are flexible. Tenants can use what they need and cancel the rest with little hassle. Our agents at Thompson Insurance Services will discuss the policies’ durations, cancellation fees, and reimbursements with you. You select the one that fits your situation. Contact us for more information about renters’ insurance.