Most of the tenants who live in apartments tend to assume that their landlord’s insurance will cover their belongings in case a disaster strikes. However, this isn’t the case since a homeowners’ insurance policy doesn’t cover tenants. Renters’ insurance is one of the most valuable and overlooked insurance policies when it comes to financial protection.

If you’re a renter living on a budget trying to save up for your own home, it may be difficult to replace everything that you own in case something happens. Thompson Insurance Services bring you customer-friendly renters’ insurance in the Dallas, TX area. Here are a few things you need to remember when purchasing a renters’ insurance policy.

It Pays for Housing When Your Apartment Is Unlivable

Sometimes, certain events can happen to render your apartment unlivable. Your renters’ policy will always pay for the loss of your apartment. This means that you can be facilitated to live in a hotel or any other place that you consider safe if your apartment is destroyed by a storm, fire, or any other covered natural disaster.

It Protects Your Personal Property

If you have valuables in your apartment, then a standard renters’ policy will safeguard them against theft and damage. It covers your property both onsite and offsite meaning that your personal belongings are still covered even when you’re traveling to other cities or countries. For instance, your provider will compensate you if you leave your laptop in your car and its stolen.

It’s Often Discounted

Most insurance companies in the Dallas, TX area, such as Thompson Insurance Services, often offer discounts on renters’ insurance policies. This can be done if you choose to bundle your coverage from the same provider who carries your auto, life, or any other policy.

Covers Personal Liability and Hospital Bills

A standard renters’ insurance policy will cover costs relating to a claim filed against you when a third party injures himself/herself in your apartment. Your policy will also cover medical bills arising out of such cases.

Contact us today for a renters’ insurance policy and to speak with an agent.