Renters Insurance Killeen: What You Need To Know

by Administrator 6. July 2015 14:26

Renters insurance is important as it safeguards your personal belongings against any calamity, theft, fire, vandalism or crisis. It is quite common for tenants to overlook the importance of renter’s insurance policy, considering their property owner is responsible for damages caused to the property. However, the proprietor’s insurance would not cover your personal belongings in the rented home.

Here are some facts about renters insurance that you must know before investing in one:

  • It provides liability coverage against any accident on the property that may leave your guest injured. In case the mishap occurred due to any negligence on your part, you may be held legally accountable to pay for the other party’s losses. In such situations, renters insurance can help to pay these expenses and ease your financial burden.
  • Renters insurance covers all the valuable stuff you have in your home. Although there are exceptions to certain types of mishaps, the policy usually pays off to replace your belongings damaged in most emergencies such as earthquake, fire etc. Even your personal items damaged outside of the home may come under insurance coverage.
  • The policy also provides living expenses in case your rental home becomes temporarily inhabitable due to the damages suffered. These may include the costs incurred for the hotel room, food, transportation and other daily necessities. 
  • High-end items such as computer, jewelry, antique furniture and expensive paintings, may have to face certain limitations on coverage amount. Different renters insurance policies often have restrictions on the claim amount that can be filed for these types of items. You must carefully read the terms and conditions of your policy to make sure that most of the belongings are covered.
  • If you own a pet, you may need to pay a higher premium for your renters insurance. Certain aggressive dog breeds, in particular, are considered precarious and may end up getting you a higher rate on your insurance.
  • There are different types of coverage options available for renters insurance. It is essential that you understand your requirements before deciding on the one to buy. These may include coverage for the dwelling, personal property, attached structures etc.

We, at Shawn Camp Insurance Agency, Inc., provide affordable renters insurance in Killeen, TX. Our agents will help you understand the terms and conditions of different policies so that you can choose the one that is most suitable to you. For more information, you can call us at (254) 526 – 0535.

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