Tips for Choosing Renters Insurance
Renters insurance can be a valuable tool for protecting your belongings following unanticipated destruction. If your apartment or other leased property is damaged by a fire, tornado, hurricane, or other natural disasters, your landlord’s insurance policy may not cover losses to your personal property. Leases and rental agreements commonly encourage residents to obtain renters insurance because of this risk. Living without renters insurance can leave you paying the bill for damages to your own personal property, injuries sustained through your own actions, and losses incurred from theft.
Obtaining renters insurance is a worthwhile investment if you have valuable belongings and want the comfort of knowing they are covered. Not only does renters insurance cover losses from theft or natural disasters, but it can also cover property damaged through your own negligence. Usually, there is a limit to the amount of coverage you can receive, but policies are generally inexpensive and the security of knowing your belongings are insured is worth the cost. When considering how to choose renters insurance that best suits you, there are a number of factors to consider. Thorough vetting of different policies will ensure you obtain insurance that will provide you with the best protection.
Our large hotel was severely damaged by hail. After significant delays by the insurance company, our claim was denied. We hired Bill Kendall and Grisham & Kendall soon after. Through Bill’s efforts during our lawsuit, we were able to reach a favorable settlement close to trial. We would certainly recommend Grisham & Kendall, PLLC to any property owner whose insurance company isn’t treating them fairly.
D. Patel – Hotel Hail Claim
My wife and I thought we were heading into a complicated legal odyssey with a destroyed commercial property until we hired Bill Kendall. His sustained focus and hard work was so effective that we had a great settlement within hours of the first deposition.
F. Jones – Multi-Family Property Claim (Dallas, TX)
Tips for Choosing Renters Insurance
The renters insurance best suited to each resident depends on the value of his or her belongings and the extent of coverage desired. It is important to determine the approximate value of your belongings to decide on a policy limit; you can also choose whether you want coverage that reimburses the cash value or replacement value of your belongings. Here are some practical tips for choosing renters insurance:
- Take an inventory of the belongings you want to be insured
- Have your property appraised
- Consider several renters’ insurance companies at first
- Compare premiums and ask what items are not covered by each company
Some items, such as jewelry, computers, and silverware, have limits on the amount of coverage available. This is important to keep in mind when shopping around for certainly renters insurance options.
Renters Insurance Claim Tips: When Problems Arise
While renters insurance can be invaluable, some companies deny or underpay insurance claims even when policyholders have upheld their end of the agreement. If you’re struggling with a claim, consider these renters insurance claim tips:
Document all damages and losses immediately
Keep receipts and photographic evidence of high-value items
Communicate promptly and clearly with your insurance provider
Understand the terms of your policy, especially limitations or exclusions
Contact a Renters Insurance Lawyer in Dallas
While renters insurance can be invaluable, some companies deny or underpay insurance claims of faithful policyholders. If an insurer does not honor your claim, don’t hesitate to contact the renters insurance claim attorneys at Grisham & Kendall, PLLC for support in your case. Reach out to us today at (713) 999-5085 to speak to a member of our effective legal team.
