Protect Your Valuables
Renters insurance in Austin, TX is like home insurance for the apartment, condo or house you rent. The policy can be purchased by renters on its own, or as part of an auto insurance bundle with many insurance companies to help save money.

If you are a renter, worry less about potential hazards and risks that threaten your personal property. Don’t wait to get coverage from renters insurance. Owners and managers can obtain a policy for landlord protection on their investment in building and liability as well.

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What is Renters Insurance?

Renters insurance is financial coverage for the property or belongings of a person who is renting or leasing a dwelling and his or her landlord. It’s for more than just apartment dwellers – renters insurance extends to those living in houses, condos, duplexes, and townhomes as well. The coverage provided by renters insurance is required by many property owners and leasing agents before a potential renter can sign into a rental contract.

Management companies and property owners keep detailed logs of information on their tenants insurance coverage. Most landlords are well aware of when your policy ends, and most contracts contain clauses that allow for landlords to take action if you fail to renew your policy.

What Does Renters Insurance Cover?

Renters insurance helps protect the renter and landlord.

For the renter, insurance can include coverage for personal property, clothing, and furniture in the event that theft, fire, or tornado damages or destroys these personal belongings. For the landlord, renters’ insurance helps ensure that if the property is damaged by a renter, the liability or recovery may be subsidized by insurance.

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There are 3 Common Types of Coverage:
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Personal Liability

Liability insurance for renters protects landlords from damage caused by tenants. If a tenant damages the property of the owner or manager, that owner can file a claim with the renter’s insurance company.

Following investigation, the renter’s insurance company pays for damage done by the tenant. This type of coverage does not insure structural damage to a residence due to accident or natural disaster. Instead, it is the responsibility of the homeowner to buy homeowners insurance for structural protection.

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Personal Property

The biggest benefit for renters is personal property coverage, which insures belongings such as furniture, appliances, and clothing. Items that are stored inside are given a monetary value that drives the cost of a renters’ insurance premium.

The total value of belongings is paid by the insurance company in the event of a disaster.

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Loss of Use

Any living expenses incurred by the renter during a time in which the renter is removed from his or her home due to property damage or destruction are protected under Loss of Use.

Living expenses are considered necessary expenses to guarantee that the insured is fed, clothed, and sheltered.

Is Renters Insurance Worth It?

Yes, renters’ insurance is not only worth it, but also required. As a professional insurance broker and independent insurance agent, I can confidently say that renter’s insurance is not just a smart investment—it’s even a requirement by most property owners and managers. With remarkably affordable premiums, even if you own valuable personal property like electronics, furniture, or clothing, renters’ insurance can protect you from the financial burden of hurricane winds, building brush fire damage or theft. In the event of an incident, you’ll be reimbursed for the cost of replacing your belongings with new items of comparable quality per the policy terms.

Our comprehensive policies also help cover additional living expenses, so if you need to temporarily relocate while your home is being repaired, you won’t be left financially stranded. Moreover, our coverage extends to injuries or property damage that occur on your premises and includes legal defense costs should you face a lawsuit.

For clients with high-value items such as antique jewelry, engagement ring, firearms, golf clubs or artwork, we offer optional endorsements to further customize your policy. And if you live in an area susceptible to natural hazards, options for earthquakes, flood, or sewer water and drain backup coverage can be endorsed onto your policy by requests.

We are here to help you navigate these options and craft a policy that ensures your peace of mind. Let’s work together to find the perfect coverage that protects not only your belongings but also your lifestyle.

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The agents at Britton & Britton know how to get you superior coverage with renters insurance at a low cost. Talk to your local Britton & Britton agent today to learn how you can get renters insurance coverage for Austin and all of Texas!

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