Low Cost Renters Insurance Quotes Online in Texas
Texans who are renting a home or are currently moving into an apartment will find that investing in a renters insurance policy will be one of the smartest financial decisions you’ll ever make. Moving is never cheap, and expenses add up quickly. Unfortunately, too many renters tend to skip a renters insurance policy. However, renters insurance not only protects your personal belongings but also provides peace of mind for potential property or financial loss that may come your way.
Most homeowner insurance policies consider a renter a third-party occupant; therefore, only the physical dwelling is covered for the owner, but your personal property is not. For example, if the home you’re renting is destroyed in a storm or fire, you are responsible for replacing your personal property. But there are other liabilities that renters can encounter that may leave you holding the bag. From dog bites to accidents or property damage assigned to your responsibility, renters insurance provides financial security in exchange for a minimal expense.
How Affordable is Renters Insurance Coverage in Texas?
While not all rental policies are created equal, all are affordable. Premiums are determined by the amount and type of coverage you need, but industry experts report that monthly premiums are cost-effective and much cheaper than car insurance. Last year, rental policies sold nationwide averaged a mere $22/month. However, some policies were even less, starting at $9/month.
What Does Renters Insurance Cover?
If your rental home or apartment is destroyed in a fire or wind storm, would you have the cash on hand to replace all your personal property? Renters Insurance not only protects your belongings but also provides peace of mind for potential property or financial loss that may come your way. What types of items are covered?
- Electronics (TV’s, DVD Players, Stereo, iPods, Speaker Systems, Computers, etc.)
- Tools, Power Equipment
- Toys, Gaming, Recreational Toys, Books, Hobby & Home Office Equipment, Cameras
- Small & Large Appliances (Mixers, Irons, Vacuums, Washer/Dryer, Refrigerator, etc.)
- Cookware, Dishware, Silverware, Glassware, Décor, Bedding, Towels, Beauty Tools
- Meds or other Healthcare Necessities Owned
What Happens If You Don’t Have Renters Insurance in Texas?
Unfortunately, you will experience a loss and be forced to replace your personal property on your own. According to the FBI, a new burglary happens in the U.S. every 26 seconds. Chances of recovering your property are less than 0.03 percent which means you’re likely to lose big.
If your property is destroyed in a storm or fire, your loss is also disastrous. Both scenarios can leave you in a financial crunch if you do not have funds on hand to replace all that’s lost. When life events happen that bring loss, your financial future takes a setback for recovery. Many people without renters insurance coverage who experience a loss are forced to start over in building up assets. Anyone who desires to continue building their future financial security should carry a renters policy.
Are There Other Losses You Can Be Responsible For?
- Personal Liability for Accidents or Damages Occurring in Your Home
If you have a visitor in your home who is accidentally injured, a renters insurance policy can help cover possible legal costs. If you have roommates, you are able to split renters insurance with them, too. If your child breaks a neighbor’s windshield with a baseball, or you fall asleep while baking and cause a kitchen fire? A renters policy can offset your financial responsibility to repair your neighbor’s car and your rental unit.
- Medical Payments
Baja renters insurance policies can help pay medical payments for visitors injured in your rented space requiring medical treatment.
- Loss of Use
Damage to your rental property may require temporarily vacating for repairs. In that case, renters insurance can cover costs related to additional living expenses (ALE) that you may incur during the required vacated period.
Is there a Set Coverage Limit for all Categories of my Personal Belongings in Texas?
Baja’s experienced agents can help you decide whether you need replacement cost value insurance or actual cash value insurance to determine what coverage terms best fit your budget.
Get Low Cost Renters Insurance Online In Minutes
Starting your rental insurance with Baja is as simple as dialing (800) 488-5270 or filling out our online form. Our agents can help you choose the best renters insurance coverage options to fit your budget, ensuring peace of mind. From our competitive rates to our exceptionally skilled and helpful agents, Baja sets the renters insurance standard nationwide, making a real difference for our customers.