Renting a home is nothing like owning a house where everything in the compound is under your protection. When renting a home in Highland Village, TX, tenants only have to worry about their personal belongings. That’s why many people often ignore the value of renters insurance. So should you buy renters insurance? Here are a few possible reasons you may need it.

If your landlord requires it?

Your landlord may buy insurance to protect the entire building but not your personal space. For this reason, they might require you to buy your own renters insurance to protect your property and their investment. Most landlords in Highland Village, TX will not allow you to rent their property without proof of insurance.

For more liability coverage

Depending on where you live, you might want to consider more liability coverage in your policy. Renters insurance comes with liability coverage designed to protect you financially if someone gets injured in your home and decides to sue you for the injuries. At Thompson Insurance Services, we recommend having personal property coverage that equals the value of your belongings.

If you travel often

The majority of tenants in Texas prefer to rent apartments because they travel frequently. If you have valuables in your rented apartment, you might want to protect them if something happens when you are away. Renters insurance protects your personal belongings up to the covered limit.

Can help pay for additional living expenses

Nobody knows tomorrow. If one day you woke up and went to work only to come back and find your home destroyed by fire or a covered peril, your renter’s insurance is all you need to get back to normalcy. The insurance company will pay for temporary accommodation while they find you somewhere safe and comfortable to stay.

It’s never too late to protect what matters to you most. Thompson Insurance Services cares about your insurance needs. Call us for a warm discussion about renters’ insurance.