If you rent an apartment for your primary living space, renters insurance is a topic that may have come up when you signed your lease. If your landlord is financially responsible for the building you live in, do you still need renters insurance? Comaltex Insurance Agency of New Braunfels has been helping Texas renters figure out their coverage needs for years, and they’re here to help you, too.

Here’s what you should consider to determine if renters insurance is right for you:

• Your Liability Coverage: Renters insurance is liability coverage, which means it protects you when something goes wrong, like when a visitor sustains an injury in your apartment. A renters insurance policy covers you financially for those medical costs and protects you from a lawsuit. If you don’t have a separate liability policy, calling an agency about renters insurance is a good idea.
• The Value of Your Items: While it’s true your landlord is responsible for the building in the event of a fire or storm damage, they don’t have to pay if your belongings are ruined. If you don’t have the money in savings to replace all your personal property, renters insurance is right for you because it will cover the expense of replacing your valuables.
• Your Back-Up Plan: If your apartment were to become uninhabitable due to damage, do you have somewhere to go? Renters insurance also covers any associated expenses with temporary housing if you live far from a support system.
• Your Lease Requirements: If you cause any damage to your apartment building, the landlord could sue you for the expenses. For this reason, renters insurance with liability coverage is commonly required in apartment complexes in the terms of the lease. Read the fine print to make sure you’re in compliance.

In most cases, renters insurance is an inexpensive policy that provides a good measure of protection again unforeseen circumstances while you’re living in an apartment. To find out more about choosing the right policy for you, talk to a team member at Comaltex Insurance Agency by calling (830) 625-7511. You can also visit their website for contact information for their office in New Braunfels.