Renters Insurance in McAllen, TX

Whether your living space is a condominium or a bungalow, it’s crucial to know that while your landlord may carry insurance for the building, their policy doesn’t extend to your belongings or personal liability.

Smart renters know that owning a renters insurance policy is a safe move; it’s designed specifically for tenants who want an added layer of financial protection.

Common Questions About Renters Insurance

Do I really need renters insurance if my landlord is insured?

Yes. A landlord’s policy typically covers the structure, but not your personal possessions or liability exposures.

What does a typical policy cover?

Policies generally include coverage for personal belongings after events like theft, fire or certain types of water damage. Renters insurance also provides liability coverage, which may assist if a guest is injured in your home and you’re found responsible. It may also help cover your living expenses if you must move out of your rental to allow for repairs after a covered event.

Is renters insurance expensive?

Compared to other types of coverage, renters insurance is often affordable. Costs depend on factors such as the amount of coverage you select and your deductible.

Does it cover temporary housing if I can’t stay in my rental?

Many policies include additional living expenses coverage, which may help with hotel stays, meals or other costs if your rental becomes uninhabitable after a covered loss.

Take the Next Step

Renters insurance offers a simple way to prepare for risks that could otherwise be costly and stressful. At Verax Insurance Services, we’re here to answer your questions and help you explore policy options that fit your needs. Contact us today to learn more or request a renters insurance quote.