As a renter, the landlord’s homeowner’s insurance policy does not cover the liability for personal possessions inside of the apartment.
Houston, Texas (PRWEB) April 03, 2013
For homeowners and renters alike, the threat of a fire can be something that hits all too close to home. Experts say that when it comes to fires, they often start in the kitchen. However, not all fires have the same impact. A small kitchen fire can end there, or it can quickly take over the entire home. Last month, one small fire turned into a huge disaster in north Houston, according to the Houston Chron. What started out as an isolated fire, quickly spread and winds carried the flames over to several other apartment buildings causing damage in 60 units in the complex.
Despite the fact that there were no serious injuries, dense black smoke and flames overtook the apartment complex, causing residents to flee and leave all of their belongings behind. Not only are the residents left with nowhere to go, but they must also face the reality that most, if not all, of their personal possessions were likely scorched by the flames. At Noltensmeyer Insurance Services, LLC, the agents fear that renters in this situation may not understand the liability limits and importance of renter’s insurance.
As a renter, the landlord’s homeowner’s insurance policy does not cover the liability for personal possessions inside of the apartment. For renters, renters insurance will provide property and liability coverage – purchasing rental insurance is one of the most essential forms of protection for renters.
How much insurance does a renter need?
- In order to estimate the property’s worth, renters are encouraged to take inventory of personal belongings
- After inventory is determined, the next step is to create an itemized list of the financial worth of the items
- Renters will want to determine how much loss or damage they can afford to pay on their own to help figure out how much coverage they would like and how high of a premium they can afford
Renters should consider that in the event of a fire, the property owner is only responsible for the damages caused to the structure if they were not at fault.
Texas residents who are interested in learning more or obtaining renters insurance are encouraged to give the experienced insurance agents at Noltensmeyer Insurance Services, LLC a call today.
About Noltensmeyer Insurance Services, LLC:
Located in the heart of Houston, Noltensmeyer Insurance Services, LLC is proud to serve the entire state of Texas. The agency continually offers quality coverage and superior customer service while offering low rates due to its Nationwide carrier. The 20 agents that comprise Noltensmeyer Insurance Services, LLC write auto, home, commercial and health insurance policies. The agency’s staff is divided into teams to help assist its clients who have specific insurance needs.