What to Do If Your Landlord Requires Renters Insurance

If your landlord has told you renters insurance is a requirement in your lease agreement, don’t stress; this is a common and manageable request. In fact, renters insurance is a smart way to protect yourself and your belongings. Here’s what you need to know and do next.

Understand Why It’s Required

Many landlords require renters insurance to protect both your property and theirs. While your landlord’s insurance covers the building itself, it doesn’t cover your personal belongings, liability or additional living expenses if you’re temporarily displaced due to a covered event such as a fire or water damage.

Renters insurance may help you replace your personal items and cover you financially if someone is injured in your home or apartment. It may also cover potential disputes and liability claims between tenants and landlords.

Know What It Covers

Most renters insurance policies in Texas include the following basic components:

• Personal property coverage may cover furniture, electronics, clothing and other belongings.

• Liability coverage may help pay legal or medical costs if someone is injured in your rental unit.

• Loss of use coverage may pay additional living expenses if you must leave your home temporarily.

Optional add-ons include protection for high-value items such as jewelry or electronics, and coverage for natural disasters such as flooding, not included in standard policies.

Renters Insurance Near You

Once you’ve purchased your policy, your insurance provider can send proof of coverage directly to your landlord. Be sure to keep a copy for your own records as well. Contact LC Insurance today to make sure you’re adequately covered.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.