What does my landlord’s insurance cover?
It doesn’t matter what type of home you rent; your landlord’s insurance only covers the building itself. If there’s a fire, storm damage, or even a burst pipe, their policy will take care of repairs to the property—but it won’t help you replace your belongings or cover costs if someone gets injured inside your rental. That’s where renters insurance comes in.
How does renters insurance help me?
Apartment Renters
Apartments often have shared walls, increasing the likelihood of incidents like fire or water damage spreading from a neighboring unit. Because of this, your belongings could be affected by risks completely beyond your control.
If your belongings are damaged or destroyed, renters insurance helps you replace them. It also covers liability—so if someone slips and falls in your apartment, your policy can help handle their medical bills.
House Renters
Renting a house might feel like you’re in your own space, but that doesn’t mean you’re off the hook for unexpected incidents. If a storm damages the roof and rain ruins your furniture, or someone gets hurt during a backyard BBQ, renters insurance provides you with a financial safety net.
What does renters insurance cover?
As a renter in Houston, you face particularly unique risks. Here are a few situations where renters insurance can save the day:
- Hurricane and Storm Damage: While your landlord’s policy will repair structural damage to the property, your renters insurance can replace water-damaged electronics, clothing, and furniture.
- Theft: Whether you live in a gated apartment complex or a single-family rental, theft is always a risk. Renters insurance can help replace stolen items, from laptops to jewelry.
- Fire: Fires can happen anywhere, often bringing high repair and replacement costs. You can recover faster with renters insurance that helps cover the cost of replacing your belongings.
- Liability: If a guest is injured at your rental—tripping on a loose rug or slipping by the pool—renters insurance can help cover their medical bills and protect you from potential lawsuits.
- Temporary Housing: If a disaster makes your rental unlivable, renters insurance may pay for temporary housing until repairs are completed.
How much does renters insurance cost?
In good news, renters insurance is often surprisingly affordable. The average renters insurance policy costs less than $20 a month and gives you financial protection and peace of mind, knowing you’re covered if the unexpected happens.
Safeguarding your future.
Give yourself peace of mind, knowing your belongings and wallet are protected. Whether you’re renting an apartment or a house, renters insurance is a safety net every renter needs.
Our team here at Leavitt Group Texas Select is ready to help you protect what matters most. Contact us today to learn more about renters insurance and what it can look like for you.
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