Should you buy renter’s insurance? How much coverage do you need? There are many different factors to think about. Here are five of the most important factors to discuss with your agent.

1. Landlord's insurance:

Despite what most people think, you are not necessarily covered by your landlord’s insurance. That covers the building structure and common areas, whereas your personal renter’s insurance covers your belongings within the unit. 

2. What does renter's insurance cover?

Renter's insurance doesn't cover just your belongings. It can also cover your liability to pay medical or legal expenses in case of someone getting injured in your apartment. 

3. Value of your belongings:

Often people see insurance as pointless because they don't feel that they have enough possessions of value. However, consider your laptop, electronics, small appliances, furniture, clothing, jewelry etc. Most renters have over $20,000 worth of possessions. Be sure to keep careful copies of the receipts or catalog your items for insurance purposes. 

4. The expense:

Many people think that renter's insurance is too expensive for a tight budget. But in reality, it can range anywhere from $15 and $30 per month. In the grand scheme of things, this isn't a huge expense! 

5. Policy differences:

Not all policies are identical. Be sure to pay attention to the levels of coverage (usually they range from $10,000 to $100,000). Pick the option that makes the most sense for you. 

Deciding what insurance policy is appropriate for a particular case can be tricky and time consuming. Your independent insurance agent can help guide you to a financially sound choice to protect both your assets and your bank account. 

Protect your belongings. Call A-Z Insurance Agency at 713-777-2886 for more information on Texas renters insurance.