Renters Insurance in Plano
While you may not own your home, and therefore do not require homeowners insurance, if you are renting a home, condominium, mobile home, or any type of dwelling, you will want to make sure you have taken out a good Renters Insurance policy. Renters Insurance policies always include liability and physical damage coverage. The latter form of coverage protects renters against damage incurred on personal items that are kept with the rental property. These items are not covered by your landlord, thus it is always suggested that individuals renting homes obtain a quality Rental Insurance policy. The liability coverage will protect you against potential law suits incurred by individuals injured in your rental property. It is also important to have Renters Insurance because should your rental property be damaged severely, you may not be able to stay on the property.
A good Renters Insurance (Allen, TX and Plano, TX included) policy will cover the costs associated with a temporary relocation. It is an unfortunate fact that out of the more than 80 million renters in the United states, more than 50 million of them do not carry Renters Insurance policies. Without a Renters Insurance policy, none of the tenant’s personal property is protected in the case of a fire, severe storm, or other situation in which property is at risk. They are also unprotected in the case that they are sued by an individual who is injured on their property, which could result in a substantial judgment ruled against them.