{"id":34,"date":"2019-03-28T02:00:00","date_gmt":"2019-03-28T14:00:00","guid":{"rendered":"https:\/\/www.tistoday.com\/blog\/?p=34"},"modified":"2019-03-28T14:46:42","modified_gmt":"2019-03-28T20:46:42","slug":"5-important-things-to-know-about-renter-s-insurance-coverage","status":"publish","type":"post","link":"https:\/\/www.tistoday.com\/blog\/5-important-things-to-know-about-renter-s-insurance-coverage\/","title":{"rendered":"5 Important Things To Know About Renter’s Insurance Coverage"},"content":{"rendered":"

Many DFW renters don’t have renters insurance because they aren’t sure what the policy covers and why they need it, or because they think they won’t be able to afford it. Even though you don’t have a lender requiring that you have renters insurance, it’s just as necessary for renters as homeowners insurance is to homeowners. <\/p>\n

What do you need to know about renters insurance coverage before you purchase a policy? <\/strong><\/h2>\n

Here are five renters insurance facts from Thompson Insurance Services in Highland Village, TX that you need to know: <\/p>\n

1. Your Landlord’s Insurance Policy Doesn’t Cover You <\/strong><\/h3>\n

Many renters are under the false assumption that their landlord’s insurance policy protects them in the event of a flood or fire. However, your landlord’s policy only covers their property and possessions, the building you’re living in, and any furniture or appliances you’re renting with it. <\/p>\n

2. Renters Insurance Policies Are Not All the Same <\/strong><\/h3>\n

Renters insurance policy coverage and pricing can vary greatly. You have options for different levels of coverage, typically ranging from $10,000 to $100,000. Some policies will replace the items you’ve lost, while others only provide the cash value of the items at the time they were lost.  <\/p>\n

3. Premiums Depend on a Variety of Factors <\/strong><\/h3>\n

For the most part, your insurance premiums are determined by the ZIP code you live in but can be affected by other factors such as whether you are renting a house or apartment, whether you are located in a flood plain, and the amount of coverage you need.  <\/p>\n

4. Your Possessions are Worth It <\/strong><\/h3>\n

You might think your possessions aren’t valuable enough to insure. But how much would it cost to replace your furniture, kitchen appliances, books, or computer? What about your smartphone, gaming system, clothing, or shoes? When you add that all up, you probably have at least $10,000 or more invested in items you’d need to replace if your apartment burned down.  <\/p>\n

5. Renters Insurance Protects More Than Just Your Stuff <\/strong><\/h3>\n

Renters insurance policies that come with liability coverage will shield you from having to pay medical and legal expenses if someone is injured in your apartment.  <\/p>\n

Renters insurance might not seem necessary until it becomes necessary. But damage from a fire or severe weather, a break-in, or another event while renting is a genuine threat. Call Thompson Insurance Services in Highland Village, TX today to find out just how affordable it is to protect yourself with renters insurance.<\/p>\n","protected":false},"excerpt":{"rendered":"

Many DFW renters don’t have renters insurance because they aren’t sure what the policy covers and why they need it, or because they think they won’t be able to afford it. Even though you don’t have a lender requiring that you have renters insurance, it’s just as necessary for renters as homeowners insurance is to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[7,6],"class_list":["post-34","post","type-post","status-publish","format-standard","hentry","category-insurance","tag-highland-village-tx","tag-thompson-insurance-services"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t