Texas Renters Basics and Coverages
There are several types of renters insurance policies available, and the specific coverage options and limits will depend on the policy you choose. Renters insurance policies typically include two main types of coverage: personal property coverage and liability coverage.
Personal Property Coverage -
This coverage helps pay to repair or replace your personal belongings if they are damaged, destroyed, or stolen. This can include items like furniture, electronics, clothing, and other valuables.
Liability Coverage -
This coverage helps pay for damages or injuries that you or your family members may be responsible for causing to others. This can include medical expenses or legal fees if someone is injured on your rental property and you are found to be at fault.
Renters insurance policies may also include additional coverage options, such as loss of use coverage, which helps pay for additional living expenses if you are unable to stay in your rental property due to a covered loss. Talk with your Texas Edge Agent for more information about coverages, liabilities, and deductibles.