Renters Insurance

Renters Insurance

Far too few renters carry insurance. Some may not even know about this protection, while others may think it’s just too expensive for them to afford. The truth is, all renters would benefit from some coverage for perils that affect homeowners and renters alike. And renters insurance is more affordable than most people first assume.

If you think you don’t need coverage, ask yourself what you’d do if the place you’re living (and all your possessions inside) were destroyed by a fire, for instance. Few are prepared to cover the myriad expenses a horrible disaster like this can cause. While we all hope to avoid such chaos and loss, insurance is about proactively ensuring you’re as well prepared for such perils if and when they come rather than praying, hoping, and leaving it all to chance. And if you think you’d be covered by your property owner’s insurance, here are some facts to consider:

• Your property owner’s insurance covers only the physical dwelling — not your possession inside.

• Your property owner’s insurance typically doesn’t cover liability for events that happen within your home. For example, if a guest falls and is injured, then sues you for medical costs.

• Renters insurance will cover your possessions from vandalism or theft.

• Your possessions may be more valuable, and replacement costs higher than you think.

Why Choose Texell Insurance for Your Renters Insurance?

• Trusted: Our local insurance agents will help determine your insurance needs.

• Independent: We are not limited to one insurance brand. We’ll find the best insurance carrier and insurance policy to meet your unique needs.

• The best rates: Because we can shop around, we find you the very best rate, every time.

• Personal attention: Before your policy renews, we check to see if you still have the best deal.

Texell Insurance is an affiliate of Texell Credit Union. As part of an ongoing relationship with you, a Texell Insurance Agent can help make adjustments to your insurance policies as your life circumstances change. And best of all, they’ll automatically re-shop your policy each year it comes up for renewal to ensure you’re still getting the best deal on the coverages you need.

Common Renters Insurance Coverages

Although coverage can vary between policies, common items covered by renters insurance include:

• Personal property: This coverage protects stolen or damaged items such as furniture, appliances, dishes, and clothing.

• Personal liability: This coverage could help cover property damage or medical expenses to others caused by you or someone in your household, including your pets. Personal liability coverage can also help with legal costs if you are sued.

• Additional living expenses: This coverage helps with costs you incur, like hotel bills, if the residence you rent is damaged and not inhabitable.

• Medical payments: Limited coverage for medical costs if a guest is injured on your property.