Renters insurance is one of the best deals in personal insurance. For roughly the price of a streaming subscription each month, you protect your belongings, your liability, and your living expenses if your apartment becomes uninhabitable. If you rent in Texas or California, this coverage is essential.
What is renters insurance?
A renters policy (HO-4) covers your personal belongings, your personal liability, and additional living expenses after a covered loss. Your landlord’s insurance covers the building, it does not cover your personal property or your liability as the tenant.
Why you need it:
- Your landlord’s insurance does not cover your belongings
- Many Texas leases now require renters insurance
- Covers theft, fire, vandalism, and certain water damage
- Pays for temporary housing if a covered loss displaces you
- Liability protection if a guest is injured in your unit or you accidentally damage someone else’s property
What it typically covers:
- Personal property – furniture, electronics, clothing
- Personal liability
- Loss of use / additional living expenses
- Medical payments to guests
Frequently asked questions:
How much does renters insurance cost in Texas?
Most renters policies in Texas cost between $15 and $25 per month for $30,000 in personal property coverage and $100,000 in liability.
Does renters insurance cover roommates?
Generally no, only people named on the policy are covered. Roommates should carry their own policy.
Is renters insurance required in Texas?
It is not required by state law, but most Texas landlords now require it as part of the lease.