Every day, new rental homes open for occupancy in Texas' booming housing market. Of course, if you are looking to rent rather than face the costs and maintenance burdens of full home ownership, then you’ll have to have a budget in mind. After all, you still have to pay your rent, which in Texas averages about $1,550 per month or about $0.96 per square foot.
Still, in addition to the cost of the rent itself,you will probably have other budget considerations, including the cost of renters insurance.This specialized property & casualty insurance specifically targets the unique risks and liabilities that rental home tenants face every day. It offers protection against a myriad of problems that might arise in your home.
Choose Altima Auto Insurance for Your Renters Insurance Needs
Residents of the Dallas/Fort Worth Metroplex can rely on Altima Auto Insurance to provide them with qualityrenters insurance that they can easily fit into their lifestyle and budget. Our policies come from top-rated carriers that offer the latest coverage options at affordable costs.We can make sure your policy always offers you the right protection by adapting to any home you decide to rent.
To get your customized renters policy, call one of our agents at 800-503-0590 or request a quote online now!
Common Renters Insurance Questions
What is renters insurance?
Accidents can happen even in a home that you have taken extensive steps to make secure. As a result, a lot of unexpected cost burdens might arise that could put you at risk of financial hardships. The correctinsurance, however, can help you receive payment for many of the costs of these losses.
If you live in a rental home, then the appropriate coverage for you is renters insurance. It’s there to help you pay when unexpected accidents happen in a rental home without burdening you with the coverage necessary for full homeowners.
Why do people need renter's insurance?
You might not own a rental home, but you still live there. As a result, you face as many security and property damage risks as you might in any other home. Plus, you’ll pose a few liabilities to others, including your landlord, by occupying theproperty. Renters insurance provides you with a way to pay for your recovery without digging into your own pockets should hazards arise.
What coverage do Dallas renters need?
Renters insurance usually offers three types of standard coverage:
Possessions Insurance: Following unexpected damage to your belongings, this coverage can help you repair or replace them. Your policy might cover damage from fires, theft, vandalism, severe weather and a variety of other hazards.
General Liability Insurance: Your negligence or mistakes might harm someone else, such as a neighbor or houseguest. When these accidents occur, you might be legally obligated to repay them. Forexample, if you damage the structure of the rental home, which is the landlord’s property, then this coverage can help you repay them for the repair costs.
Loss of Use Insurance: A hazardous event in the home might force you to temporarily relocate. This coverage can pay for certain legal expenses that arise from this sudden move.
Accidental Medical Payments Insurance: Though someone might get hurt in your home, the accident might not be your fault. However, you can still use this coverage to help them pay their medical costs, if necessary.
In Texas,most landlords can require liability coverage and set certain minimum coverage limits for lease applicants.However, the tenant still has wide discretion to set their policy terms and limits to levels that are best for their own protection and their budgets.
Getting the Right Cost for Your Coverage
Most renters policies cost less than $20 per month, but if you are worried about the costs of your policy, then our agents are happy to work with you to determine the most affordable options. We can address all your coverage needs without causing you to face significant rate increases. Plus, we will apply all qualifying discounts to ensure you pay the lowest possible price for coverage.