Renters Insurance in Fort Worth TX

Everything You Need to Know About Renters Insurance in Fort Worth TX

It doesn’t matter if you are living in a home, condo, or apartment, if you are renting then you should consider renters insurance in Fort Worth TX. In fact, many landlords require it. Even if they don’t, you will be protected if there is a fire or other serious issue like theft. Read on to get the facts about this type of coverage and then call Grandview Insurance Agency at (817) 866-3337 if you have questions or want a coverage quote.

You Cannot Count on Homeowners Insurance to Cover Your Rental Property

The owner of the property you are renting likely has homeowners insurance – but this does not protect you. It protects the owner of the property and likely covers costs to repair the property and might even cover their loss of rent. If you want to be protected in the event of a fire, theft, or other serious situation, then you should have your own renters insurance in Fort Worth TX.

The Three Types of Coverage Generally Included in Renters Insurance in Fort Worth TX

While your policy might vary based on your specific needs, you can expect that most renters insurance in Fort Worth TX include three types of coverage:

  1. Personal property. This covers the cost of repairing or replacing your belongings, and the cost of luggage and other items when you are traveling.
  2. 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.
  3. 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.

You Have the Option to Add Additional Coverage

In addition to the basic coverage you will get in a policy for renters insurance in Fort Worth TX, there might be optional coverage you can benefit from. The most common reason people get supplemental coverage is that they have an expensive item that would not be covered, such as a very expensive piece of jewelry.

Another common reason for extra coverage for renters insurance in Fort Worth TX is that the renter works from home. Most polices will not cover work-related items so you might need supplemental coverage. Likewise, you might need additional liability coverage for things like a pool, trampoline, or breed of dog that is considered aggressive. If you have questions, please contact Grandview Insurance Agency at (817) 866-3337 and we can get you started.