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You Should have had Renter's Insurance* Words you don't want to hear

By
Real Estate Agent with McKamie Real Estate Services, LLC 0491786

You should have bought Renter's Insurance is a phrase often used when a fire or flood happens to your rented house, apartment, condo, etc. The following is a post written by our Insurance affiliate, Jessica Lavender, Farmers Agent - College Station Texas.Renter's Insurance

What would happen if someone breaks into your home and takes everything?

What if a neighbor leaves a candle burning and catches something on fire and no one is home?

Your new plasma tv is destroyed when your upstairs neighbor overflows the toilet?

What happens if a visitor trips and falls and blames you for their injuries?

What happens if your building is destroyed by fire and you have no where to go and no clothes to wear?

What happens if your washing machine malfunctions and your landlord tells you that you are responsible for the damages?

How would you survive if the only thing you had left were the clothes on your back?

How would you afford to replace all of your personal property?

How would you meet expenses if your landlord told you that the damages were your responsibility and the landlord is not going to pay?

As a renter, you may not often think about these unforeseen events, the reality is they happen every day. Renters insurance is the most affordable and valuable coverage you can get. For as little as $ 10 per month, you can make sure that when tragedy strikes...it does not strike you.

Don't leave any of these questions unanswered and learn the hard way that you should have bought Renter's Insurance.

 

Posted by

Debi McKamie
Realtor®/Property Manager

Serving Bosque, McLennan, Johnson, Bell, Hood and Somervell Counties. 


 Are you looking to buy/sell or invest in rental properties in these areas?  Let's talk!!!

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Comments(8)

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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Debi-we require proof of insurance from all renters prior to moving in.  If they don't provide it then the rent goes up $100 a month for the landlord to buy a policy to cover their belongings.

Jan 22, 2013 08:53 AM
Debi McKamie
McKamie Real Estate Services, LLC - Meridian, TX
Realtor®/Property Manager

@ Cindy  thanks for the comment.  This is a great idea and I bet with the increased rental rate, it is easy for you to get that proof of coverage.

 

 

Jan 22, 2013 09:00 AM
Brian Rayl
Home Value Leads - Highland Park, TX
Active Agent and Co-founder Of Home Value Leads

When I was a renter, I never thought about many of those things. My landlord required it, so I got it. Then I had a breakin and was glad I had it. 

Thanks for sharing this.

Jan 22, 2013 09:42 AM
Debi McKamie
McKamie Real Estate Services, LLC - Meridian, TX
Realtor®/Property Manager

@ Brian, thanks for the comment...and you are not the only resident who only purchased the policy because it is required by the landlord.  I am glad you were covered.

 

Jan 22, 2013 10:26 AM
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Tenant's used to have SHOES that GREW MOLD - now there are ELECTRONICS, including cel phones, that have moisture damage and these are GREAT reasons to have renter's insurance.

Jan 22, 2013 06:38 PM
Debi McKamie
McKamie Real Estate Services, LLC - Meridian, TX
Realtor®/Property Manager

@ Wallace..you are so very right there are ton's of reason's to have renters insurance.  It is just one of the things that most tenants especially students don't consider.  Thanks for the post and have a great day.

Jan 22, 2013 10:02 PM
Frank Laisch
Orlando, FL
"The Insurance Guy"

Debi, this is always good to have. We stress the importance of this to all the Property managers to recommend/insist the tenants have coverage. for as little as $10 a month they can have some coverage

Jan 25, 2013 07:51 PM
Debi McKamie
McKamie Real Estate Services, LLC - Meridian, TX
Realtor®/Property Manager

@ Frank, yes we too encourage our residents to purchase the coverage.  People do not stop to consider what would happen without the coverage.  Thanks for the comment and have a blessed day.

Jan 25, 2013 10:05 PM