Here are some other ways to save on your renters insurance:. Think about what it would cost to replace your clothes, furniture, computer, stereo, and more if they were destroyed or stolen. It also protects you from lawsuits filed be people injured by you, your family, or your pets. One of the first things you should do before you start looking for an insurance policy is to take a full inventory of everything you own. In the Houston area $10,000 of renters insurance typically costs $12 to $16 per month. Renters insurance covers your possessions against losses from fire, lightning, theft, vandalism, explosions, wind and water damage (excluding floods). The best way to get cheap renters insurance is to go online and comparison shop. Do you have renters insurance? What? No? You must be joking. With insurance, you may have to deal with some losses, but you will be able to successfully recover from such losses in a little time. Renters insurance covers your possessions against losses from fire, lightning, theft, vandalism, explosions, wind and water damage (excluding floods). Flood is not covered and a separate flood policy is necessary for that. If you live in Texas I would be happy to give you additional information and or a quote. If you're a renter you need renters insurance to protect you. If you're a retired senior you may be eligible for a 10% discount on your renters insurance. If you live in an area where such things occur, then you'll need a separate policy if you want coverage. Visit or click on the following link to compare renters insurance rates from top-rated companies and see how much you can save. Nevertheless, most policies will cover your valuables in the event that certain acts of God cause the destruction of your property. 5) You may have better peace of mind with you property insured. Here are some other ways to save on your renters insurance:. An employee of the apartment complex said that many residents had lost all their possessions. If you own an apartment you should well consider purchasing renters insurance. If you don't own your own home, and are renting instead, you may think that you're covered by your landlord's insurance policy. My insurance is a whopping $12/month for $23,000 worth of coverage through AllState. My website is farmersagent.com/glamb and my phone number is 281-537-2700. These days, most companies offer reduced premiums if you install smoke and fire detectors, burglar alarms, and fire extinguishers on your property. Here are some suggestions to get the best coverage and price for a policy. You pay a small amount per month, and in return the insurance company offers to pay you X number of dollars if your apartment is destroyed. Another important factor to consider when shopping for renter's insurance is whether the policy will cover "actual cash value" or "replacement cost". As an insurance agent I find that this is coverage that many customers overlook. Actual cash value means you are covered for the value of your possessions at the time damage or theft occurred, not what it cost you to buy them. * Buy your renters insurance and auto insurance from the same company. This may be slightly discounted because I get my auto insurance through them as well. A typical renter's insurance policy will cover you for the following types of damage:. What does it cover? Renters insurance covers a number of incidents and will protect you in the event of the sudden loss of your valuables. (I have a deductible as well, just like any other 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.