Here is why renters insurance is an essential coverage.

As a renter, you know that your landlord is responsible for any physical damages to your rental space.  However, this does not mean that you are free to forgo insurance coverage completely.  You still need to secure coverage for your personal belongings and personal liability issues.  Additionally, if your rental is damaged and temporarily uninhabitable, you will also need coverage for your alternative living expenses.  This is where renters insurance comes into play.  Here’s what you need to know about this essential coverage.
What does renters insurance cover?
As previously mentioned, renters are not responsible for the physical structure of their rental property.  This is why renters insurance does not offer coverage for the physical damages that your property might sustain.  However, your renters insurance will offer coverage for your personal belongings and your personal liability.  For instance, if your couch was damaged due to a leaky pipe, then your renters insurance would offer coverage to repair or replace it.
Do I really need this type of insurance?
In some cases, your landlord may require you to carry renters insurance before allowing you to sign the lease agreement.  Even if your landlord does not require you to carry this coverage, you should still secure it.  Renters insurance is the best way to protect your belongings and ensures that you do not get into a costly legal battle.  Additionally, as one of the most affordable forms of insurance out there, you could get the protection you need for mere dollars a day.
This is why you need to secure the right renters insurance to meet your specific coverage needs.  Looking to secure renters insurance in Colleyville, Texas?  If so, then contact the experts at The Schwab Agency.  We are ready to assist you with all your coverage needs today.

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