Many Texas renters question whether or not they really need renters insurance. They aren’t sure if they can afford another expense and they aren’t convinced that renters insurance will provide any real value to their lives. There are several renters insurance misconceptions and myths out there. The truth is once renters find out how cheap renters insurance in Texas is and what all it protects, they are much likelier to take a second look.
1. I’m covered by my landlord’s insurance
This is a common fallacy. While your landlord in Texas most likely does have insurance, it isn’t to protect your belongings. It’s to protect his investment and it only covers his part – basically the building. If something happens that is the landlord’s fault, like a burst water pipe raining water on your laptop, then yes, your landlord will most likely be responsible for replacing your computer. However, if there is a fire or someone breaks in and steals your stuff, then you’ll be on your own as far as replacing your items.
2. Nothing I own is worth that much
Individually, that might be true. But collectively – now that’s a different story. Have you actually looked at what replacing your belongings might cost? Here are a few things to consider:
- Have you calculated the value of all the things you own? How much does your laptop and printer cost? That nice winter coat you just bought? Your expensive off-road bicycle?
- Do you have a clear idea of how much you’ve spent on your stuff over time? There’s a good chance it’s tens of thousands of dollars.
- Would you really have enough cash to replace all of it?
With renters insurance coverage, you won’t have to break the bank to buy the things you need.
3. Renters insurance costs too much
Renters insurance in Texas actually works out to less than $1 per day. That daily fix you get from your favorite coffee shop likely costs more. For the peace of mind of knowing you are protected in the event something happens to your belongings, it’s well worth the cost.
4. It’s not as good as home insurance
Actually, you might be surprised to find out exactly what renters insurance covers besides your personal property. Were you aware that if someone gets hurt in your Texas apartment through your negligence (slipping and falling on a wet floor, for example), they can sue you for their medical damages? You probably didn’t know that your renters policy will provide you with protection in such a case.
Your renters insurance coverage will also pay for temporary housing and meals in restaurants while your rental unit is undergoing repairs and you have no access to your kitchen. You see, there are quite a few additional benefits for protection that costs less than $1 per day.
Get Affordable Renters Insurance in Texas Today
Renters insurance will protect your belongings and provide peace of mind without draining your bank account. Baja Auto Insurance can help you find low-cost renters insurance wherever you are in Texas.