Why Everyone Needs Renter's Insurance

It's human nature to think that bad things will not happen to us; our house won't be burglarized, flooded or set on fire. Unless we have already experienced one of these terrible accidents, or we are close to someone who has, we often assume that tragic incidents like burglary or fire probably will not be visited upon us, but continue to only happen to other people we read about or see on the news. Even if we accept that such events could occur in the realm of abstract possibility, we often live as though we really subscribe to the notion that “it won't happen to me”.

The truth is, however, not only that it can happen to you, but that at some point it very well may. Given that fact, if you are renting an apartment or house in Fort Worth, there is really no reason not to protect your belongings, as well as yourself, from liability by purchasing renter's insurance. Usually, the owner's policy on the property will not cover the belongings of tenants if your home is burglarized or your personal property is otherwise accidentally damaged or destroyed. Most landlords also have insurance policies on the property that will not cover you if a visitor is injured in your home. It is important, therefore, to take the initiative and purchase the insurance yourself in order to protect your interests.

Renter's insurance in Fort Worth is usually relatively inexpensive and probably is not going to do any real damage to your pocketbook. A small monthly premium can ensure that if you do suffer irrevocable damage to your belongings through fire or theft, you will be able to replace your valuable items. Unlike a homeowner's policy, you do not have to pay premiums that insure the entire building and property – your landlord already likely does that in order to protect his investment. The monthly premium, therefore, for renter's insurance in Fort Worth can be much lower, often as low as $10 a month, depending on what kind of coverage you choose to include.

Some policies have options that are worth considering, such as covering the cost of replacement rather than merely covering the present value of your accumulated things. The premium might be slightly higher, but it is worth it to save yourself from having to pay some expenses from your own funds. Another option is to consider covering liability in your renter's insurance, just in case a visitor suffers an injury on the property you are renting and needs medical care and attention. Protecting yourself from paying expensive hospital and therapy bills is a prudent idea, and most Fort Worth renter's insurance policies provide that choice.