2300 Highland Village Rd Suite 3203,
Highland Village, TX 75077
Moving into a new rental unit is a very big decision. For those that are in the Dallas-Fort Worth area, one of the first decisions that a renter needs to make is to decide on a new renter’s insurance policy. When looking for a new renter’s insurance policy, there are several factors that need to be taken into consideration to ensure you get the right policy and coverage. Also, landlord insurance will not protect your belongings in case of disaster.
When you are looking to move into a new property and are shopping for renters insurance, the first factor that needs to be taken into consideration are requirements that you have under the lease. In the majority of situations, your landlord will require that you carry some form of renters insurance. If the property is located in a larger condo association, the association regulations may require that you carry renters insurance or condo insurance as well.
When getting a renter’s insurance policy, the second factor that needs to be considered are your personal property coverage needs. You should take a quick inventory of all of your personal electronics, furniture, clothing, and other personal belongings to determine how much coverage you need. If you have any expensive jewelry or collectibles, you may need an additional rider. Always speak with your agent about possible problems with your valuables.
Texas area renters will also need to consider their liability coverage needs. Whenever you have a visitor to your property, you are taking on a certain amount of responsibility. If someone is injured while in your home, you could be found liable. The liability portion of the policy will provide you with coverage if you are found responsible.
If you are moving into a new rental property and would like to further understand your insurance needs, it would be a wise idea to reach out to Thompson Insurance Services in Highland Village, TX.
Thompson Insurance Services provides rental insurance and other consumer insurance products to those in the Dallas-Fort Worth area as well as other parts of Texas, Nevada, and Arizona. Our company will be able to help you to better understand what type of coverage you will need and can then provide you with a quote. Stop by our office in Highland Village, TX or give us a call.