Learn Why it Might Benefit You to Invest in Renters Insurance in Cleburne TX
Whether you are renting a home or an apartment, it might be wise to have renters insurance in Cleburne TX. It is designed to protect your own property within the rental unit. In the event of a fire, storm, or other covered even (such as a theft crime) renters insurance can pay to repair or replace your belongings. Keep reading to learn more about what it does and does not cover, then contact Grandview Insurance Agency at (817) 866-3337 if you would like to request a quote.
Homeowners Insurance Does Not Cover Renters
Too often, renters do not have renters insurance in Cleburne TX because they assume that their landlord’s insurance will cover damage to the home or apartment property. In fact, it is true that their insurance will cover the cost of repairs to the building, but it will not cover the replacement of your property. What would happen if your rental property burned down tonight? Would you be financially able to start over? If not, then renters insurance is recommended.
The Three Types of Coverage Generally Included in Renters Insurance in Cleburne TX
While your policy might vary based on your specific needs, you can expect that most renters insurance in Cleburne TX include three types of coverage:
- Personal property. This covers the cost of repairing or replacing your belongings, and the cost of luggage and other items when you are traveling.
- Loss of use. This covers living expenses you may incur if you are required to move while your rental property is being repaired. It can also cover any additional living costs you would not have if you were still living in the property you rented, such as rent, eating out, and other costs.
- Personal liability. This covers your legal fees if someone sues you and covers their damages if someone is injured due to your negligence.
Again, these are basic coverages – your policy might vary.
H2 Do You Need Optional Coverage for Renters Insurance in Cleburne TX?
If there is a type of coverage you need that is not included in a basic policy for renters insurance in Cleburne TX, there are some optional coverages that might work for you. For example, if you have expensive items like jewelry, nice electronics, or art, you might need replacement coverage that pays enough to cover these high-end costs.
If you work from the home you are renting, then business coverage might be necessary as most typical renters insurance in Cleburne TX does not cover items you use for business. If you have a type of dog that is considered high risk then you might need to add liability coverage, or if the property has a pool, trampoline, or other injurious item. We can help you better understand your options when you contact Grandview Insurance Agency at (817) 866-3337 today.