Know About Renters Insurance in Houston before Entering into an Agreement with your Landlord

Knowing about renter’s insurance will help you know your rights as tenant and lead life safely. It is very similar to homeowners insurance but the coverage is not extended to the dwelling or structure that is originally built and maintained by the landlord. It offers liability insurance for alterations made by the tenant to the tenancy and the coverage encompasses incidents like theft, fire, and vandalism. You will also get compensation or expenses when the existing structure becomes uninhabitable. Before signing a landlord-tenant agreement you should what your rights are and accordingly sign the renter’s insurance policy so you get compensation when the above things happen during tenancy.

It is advised that you consult your local insurance agent about Renters Insurance Houston if you happen to live there and accordingly choose the policy. The policy is significantly low priced than the homeowner’s insurance as it does not cover the entire dwelling but only the property and belongings of the tenant. The responsibility of insuring the dwelling is entirely on the shoulders of the landlord and not the tenant who is occupying it. However the landlord is not responsible for the damage done to the belongings of the tenant for any of the above mentioned reasons.

If you are planning to move into a medium or large sized property then you may be required to sign a lease which will demand a renter’s insurance from you. In cased of damges to the property by the tenant, the landlord and rest of the tenants who are affected by the damage can recover it from the tenant. You should also know that the renters insurance Houston may offer just three types of renters insurance a policy and that may be loss of use, personal liability and personal property.  You may ask your Houston insurance agent about these policies and decide which one will suit you before entering into an agreement. We, Amco insurance agencies Inc, provide convenient and purpose specific insurance policies to clients in the Houston metropolitan area through our 300 field offices located at different areas. Call us on (713) 771-2626 or send fax to (832) 582-7475 talk about your renter’s insurance policy or any other insurance cover you might need at present.