Renters Insurance in Flower Mound, TX
Renters insurance can help you manage costs from losses caused by covered incidents, whether you live in an apartment or a rental home in Texas. While coverage details may vary, a typical policy may include the following:
- Personal property coverage may cover your belongings, such as furniture, electronics and clothing, if they’re damaged or stolen due to events like fire, theft or certain types of water damage.
- Liability coverage may step in if someone is injured while visiting your rental or if you accidentally cause damage to someone else’s property.
- Additional living expenses coverage may help pay for temporary housing and other costs if your rental becomes uninhabitable due to a covered loss.
What Factors Can Affect My Policy Costs?
The cost and coverage of your insurance can vary based on several factors, including:
- The value of your personal property
- The amount of liability coverage you choose
- Your deductible amount
- The location and security features of your rental
Are There Exclusions?
Standard renters insurance policies often exclude certain situations and items, such as:
- Floods and earthquakes – Damage from natural disasters like floods or earthquakes usually requires separate coverage.
- High-value items – Jewelry, collectibles or high-end electronics may have limited coverage unless you add extra coverage.
- Business equipment – If you operate a business from home, work-related equipment or inventory may not be covered.
- Roommates’ belongings – Your policy typically covers only your personal property, not your roommate’s, unless they’re specifically listed.
- Intentional damage – Losses caused by deliberate acts or illegal activities are generally excluded.
How Our Team Can Help
Consolidated Insurance Markets works with you to compare insurance options, explain your coverage choices and help you find a policy that fits your needs.
Contact us today to learn more and get a no-obligation quote.