Renters Insurance in Texas

Renter's insurance is often overlooked, but it should be essential to your financial plan if you rent your home. The insurance experts at Frederick Insurance can help you learn about your insurance options in Austin, TX, and the surrounding areas.

Does My Landlord's Insurance Protect Me?

In short, no. The property insurance policy that your landlord will have in place does not protect you as the tenant. Property insurance will only provide coverage for the home's structure should it be damaged. It will not provide any coverage for the loss of your personal belongings housed on the property.

What Coverage Is Provided?

When you invest in renter's insurance, you can expect coverage in the following areas:

  • Personal property coverage- This provides coverage if your personal property is lost or damaged in the rental home. Usually, this coverage is activated only if your belongings were damaged due to natural disasters, fires, or burglaries.
  • Personal liability coverage- Even though you do not own the home, you could be held liable if someone is injured in the house. You could be held responsible for the expenses of their medical treatment. Personal liability coverage will pay in it this type of situation.
  • Additional living expenses- This is a very important type of coverage if you are a renter. If the rental home is uninhabitable due to damage, this type of coverage will provide you with money to cover living expenses temporarily. This gives you the peace of mind that you will always be able to provide your family with a place to live.

If you want to learn more about renter's insurance or any other insurance products in Texas, don't hesitate to contact us at Frederick Insurance, serving Austin, TX, and the surrounding areas. We will be happy to answer your questions.