Houston Renters Insurance Guarantees Stress-Free Living Today
Houston renters insurance generally includes three types of coverage:
- Personal Property Coverage: This protects your belongings, such as furniture, electronics, and clothing, against risks like theft, fire, and water damage. You can choose between actual cash value coverage, which pays the depreciated value of your items, or replacement cost coverage, which covers the cost of buying new items.
- Liability Coverage: Provides protection if you're found legally responsible for injury to others or damage to their property. This could include medical bills or legal fees if a guest is injured in your home.
- Additional Living Expenses (ALE): Covers costs if you need to temporarily relocate due to a covered event, such as a fire, which makes your rental uninhabitable.
Cost and Value of Renters Insurance
The cost of renters insurance in Houston is surprisingly affordable, with average premiums ranging from $15 to $30 per month depending on the coverage limits and deductible you choose1. This small investment can save you thousands of dollars in the event of a loss. For example, the National Association of Insurance Commissioners reports that the average claim for theft is around $4,0002.