Renters Insurance in Texas City, TX
Renters insurance can provide you with needed financial protection against adverse circumstances, whether it’s covering your personal belongings in case of damage or ensuring you’re protected if someone is injured in your residence. If you need renters insurance, we’re here to help. Contact us today to learn more about your renters insurance options or to get a quote.
What Is Renters Insurance?
Renters insurance provides protection against property loss and liability if you cause injury or property damage. To learn more about what that means, we’ve covered some basics about each.
- Property protection—Renters insurance covers your possessions against damage for things such as fire, smoke, lightning, vandalism, theft and water damage—but not flooding—to name a few. It also extends beyond on-premise theft and hazards, covering property that is stolen from your car or lost or damaged anywhere you happen to be. Talk to your agent today to learn more additional property protection options, such as flood and earthquake insurance and scheduled items riders.
- Liability protection— The liability portion of a renters insurance policy helps protect against claims of third-party bodily injury or property damage caused by you or another person listed as insured on your policy. It may also help pay for medical bills if someone has an injury in your rental. Liability also provides coverage for legal defense costs and judgments in a lawsuit, whether the incident occurred within your rented residence, or elsewhere.
Some renters insurance policies pay a tenant’s temporary living costs if they need to live elsewhere because of a fire, severe storm or other covered disaster. This coverage may include hotel bills, temporary rentals, restaurant meals and other living expenses. Talk with your insurer about whether your renters insurance has this inclusion.
Can I Transfer My Renters Insurance to a New Apartment?
A renters insurance policy can be moved to a new residence. It typically involves the following steps:
- Notify your insurance provider. Inform your insurance company about your move as soon as possible. This can help prevent gaps in your coverage.
- Provide necessary information. You’ll need to provide your new address, move-in date and any changes in your living situation, such as new roommates or pets.
- Review your coverage needs. Assess whether your current policy still meets your needs. You may want to adjust your coverage limits based on the value of your belongings and any new risks associated with your new home.
- Set up a new policy. Technically, you’ll need to set up a new policy for your new address and cancel the old one once you move.
- Confirm the transfer. To avoid gaps in coverage, make sure you receive written confirmation of the changes.
How Are Renters Insurance Premiums Calculated?
The following factors can influence how renters insurance premiums are calculated:
- Coverage amount—The amount of coverage you choose for your personal property and liability can affect your premium. Higher coverage limits typically result in higher premiums.
- Deductible—The deductible is the amount you pay out of pocket before your insurance kicks in. Choosing a higher deductible can lower your premium, while a lower deductible increases it.
- Location—Where you live plays a significant role. Areas with higher crime rates or susceptibility to natural disasters may have higher premiums.
- Type of residence—The type of building you live in and its age and construction can impact your premium.
- Claims history—If you have a history of filing insurance claims, you might face higher premiums.
- Additional coverage—Adding endorsements or riders for high-value items like jewelry, electronics or collectibles can increase your premium.
- Discounts—Many insurers offer discounts for things like bundling policies, having security systems or being claim-free.
How to Get Renters Insurance
Whether you call a rented house, condo or apartment your home, you can benefit from renters insurance. Call us today to learn more about renters insurance or to get a no-obligation quote.