TUESDAY, OCTOBER 25, 2022
Renting a house or apartment can be a big responsibility, as accidents can occur inside your residence at unpredictable times. Renters insurance is essential to limit potential accident-related costs you might have to cover out of pocket.
What Does Renter Insurance Cover?
Renters insurance serves as a form of financial protection against various incidents. Some of the most common renters insurance coverages include:
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Liability coverage—If someone gets injured inside the place you’re renting, this coverage helps cover medical expenses.
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Additional living expense coverage—This helps pay for temporary living arrangements if you cannot live in the place you’re renting because it was damaged.
Certain renters insurance policies may be customized to include additional or alternative coverages. The agents at Southwestern Insurance can help you learn more about your coverage options. 
Does Each Renter Need Insurance?
Renters insurance is generally not legally required, but some homeowners associations and landlords require each tenant to carry coverage. A standard renters insurance policy typically won’t cover additional people living in the same dwelling unless they are related to the policyholder or their names are listed on the policy itself. Consult with our agents to help ensure you and any other renters in the same home are properly covered.
How Often Do You Pay for Renters Insurance?
Renters insurance premiums are often paid every month, every six months or in full when you first acquire a policy. However, renters insurance payments tend to differ among policyholders. The agents at Southwestern Insurance can help you learn more about renters insurance payments and how frequently you might have to pay your premium.
Learn More
If you are a tenant looking for renters insurance near Dallas, Texas, we can help. The experienced agents at Southwestern Insurance are here to assist you in learning about potential policies so you can decide on the right coverage for your dwelling.
Learn more about renters insurance by contacting our agency today at 866-994-3253.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Don’t hesitate to contact your insurance professional for further information.
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It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
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