Information on Renter's Insurance From The Texas Department of Insurance

Information on Renters' Insurance From The Texas Department of Insurance:

 Your landlord may have an insurance policy for the property you rent, but the policy will probably not cover your belongings. You may want to consider buying renters' insurance to replace or repair your belongings if they are stolen, damaged, or destroyed.

  Renters insurance, sometimes called tenant insurance, is a type of residential property coverage for people who rent homes or apartments. Insurance companies can see several types of renters' policies in Texas, each with a different level of coverage. There's different forms and policies that are available for renters. Read your policy carefully to know exactly what it covers.

  All policies have a total dollar amount. This is the maximum amount the policy will pay, regardless of the amount of your claim. Make sure you buy a policy with a high enough dollar amount limit to replace your property if it's stolen or destroyed.

 There's different sections on what insurance will cover on your policies. Personal property coverage, Loss of use, personal liability. Go to Texas Fair plan Association offers a tenant policy for qualified consumers who are unable to obtain renters' insurance from a licensed company. 

Note: A complete inventory of your personal property can be helpful if you ever file a claim. Include the item, its value, and serial number if there is one. Keep receipts for expensive items. Photographs or videotape of your property can be especially helpful to document your loss to the insurance company. Keep a copy of the inventory and any photos or videos of your property in a secure place, such as a safe deposit box. 

For more information on insurance go to: www.texasbar.com