Insurance and Finance

Rent Stress Free

By Paula Felps 12.8.14

Renters often don’t think about their insurance needs; many mistakenly believe that their landlord’s insurance will cover them in the event of a disaster. But a landlord’s insurance only covers their property — and if you want to make sure your belongings are protected, it’s time to take a look at renters insurance.

While the number of renters in the U.S. has increased in recent years, less than 40 percent of renters have renters insurance. Renters insurance covers loss of personal property due to theft or from fire or storms. It will even cover your personal belongings when they aren’t in your home, for example, if a lap top is damaged or stolen. It also provides liability coverage in case someone is injured in your home or if you or someone in your family accidentally causes damage to the property.

“Renters insurance is important because it will cover your belongings as well as liability in the event of a covered peril,” explains Chris Cromer, a Texas Farm Bureau Insurance Agent in Royse City. “And it’s reasonably priced.”

A quick assessment of your belongings — from your tech gadgets to your clothing to your furniture — will serve as a reminder of how much you own, and how much it would cost to replace all of them. Cromer says that the unpredictable weather patterns in Texas provide even more reasons for renters to reconsider insurance to protect belongings in the event there’s severe weather.

“Mother Nature has and always will be unpredictable,” Cromer points out. “You need to make sure you have a policy that will keep you covered all year round.”


Coverage and discounts are subject to qualifications and policy terms and may vary by situation. © 2014 Texas Farm Bureau Insurance