HouseAnyone can rent a place to live anywhere in the world. Renting is a common option for most people at one time or another in their lives. It is more of a commitment-free way of living than owning a house. A person can decide to leave with little notice. However, with all that freedom there does come a responsibility.

People have a responsibility to take out renters insurance to protect themselves from life's unpredictable events. People will often have the choice not to choose renter's insurance, but in some cases the landlord will require it. However, even if it's not required, it provides valuable coverage that protects your belongings. But how much do you really know about this type of policy?

Here are three common myths about renters insurance:
  1. I don't really own anything of value, so why would I need renter's insurance? If everything you own were to get destroyed, it would all have to be bought all over again. If a person is covered under renters insurance they can receive a payment for the things lost in the event — including clothing, kitchenware, furniture, artwork and more. Your independent insurance agent can help you determine how much coverage you need.
  2. My landlord has their own insurance, why do I need to be covered? The landlord's insurance may not actually cover anything that the tenant could have caused, leaving them responsible for the loss. Also the landlord's insurance may not cover anything the tenant owns. If the landlord has insurance, it is important to know where their coverage ends and the tenant's coverage begins.
  3. Renter's insurance is just contents insurance. There are several different policies a renter can purchase. Some of them may cover damage the renter caused to someone else's apartment nearby. Some policies may also cover liability risks associated with visitors getting injured in the covered unit.
With all the different policies and premium rates there are, there is really no reason any renter should not be covered. The last thing anyone wants is out of pocket expenses that could have been avoided had you purchased renters insurance.

Get the coverage you need. Call Red Gorman Insurance at (214) 374-9997 for more information on Dallas renters insurance.
Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive

View Mobile Version

Contact Us Today!