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Lamb Insurance Agency (Farmers Insurance), Auto, Home, Life, and Business Insurance for Texas - - Therefore, to adequately protect yourself, you will need to acquire renters insurance. Rather, when a property owner purchases insurance for their rental properties it covers the basics - that means the property itself and not what resides within it. Unless you have a ridiculous amount of belongings, the most basic insurance should cover you. If you own an apartment you should well consider purchasing renters insurance. Texas residents are invited to call my Houston renters insurance office for additional information at 281-537-2700. ------------------------------------------------------- Michael Russell Your Independent guide to Renters Insurance -------------------------------------------------------. You can also reduce your premium by paying a higher deductible. This may be slightly discounted because I get my auto insurance through them as well. You may want to shop a couple reputable places to compare coverages and price. For example taking pictures or a video of your property, saving receipts for expensive items, and possibly making an inventory of your property. If you are interested in a renters policy a good place to start would be calling the company that has your auto insurance. Other coverage’s may include loss of use, and personal property away from home. I dont do silly things like leave the stove on, plug 17 plugs into a single outlet without a surge protector, etc. Be sure to get a high enough limit to protect the value of your property. 2) Renters are also at risk for a lawsuit as the result of at fault injury to others. ------------------------------------------------------- Michael Russell Your Independent guide to Renters Insurance -------------------------------------------------------. Note that flood and earthquake damage is not on the coverage list - a standard renter's insurance policy does not cover these types of damage, because these phenomena tend to be restricted to certain parts of the country. You can also reduce your premium by paying a higher deductible. The odds of something happening to my apartment from my neighbors probably is slim to none, but who knows? You and I may have extremely irresponsible neighbors. If you own an apartment you should well consider purchasing renters insurance. 2) Renters are also at risk for a lawsuit as the result of at fault injury to others. As a Houston insurance agent I have found that many renters do not have renters insurance. If you are interested in a renters policy a good place to start would be calling the company that has your auto insurance. My insurance is a whopping $12/month for $23,000 worth of coverage through AllState. These days, most companies offer reduced premiums if you install smoke and fire detectors, burglar alarms, and fire extinguishers on your property. The cost is so low there is no good reason not to have a renter’s policy in my opinion.
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