Renters insurance is available to people who rent an apartment or house and protects against loss or damage to your personal belongings and contents in the event of a loss. Unfortunately, a landlord’s or owner’s insurance is unlikely to cover their tenant’s property in the event of a fire, water loss or theft, among other potential causes of loss. Renters insurance is usually very affordable and generally covers losses from fire and smoke, windstorm, water damage, theft and vandalism. Your renters insurance should also provide additional living expenses if you are unable to live in your home or apartment after the loss due to a covered peril.
At Grisham & Kendall, PLLC, we have assisted or represented policyholders with renters insurance policies for more than 15 years. Our Texas renters insurance lawyers will diligently pursue your rights under the insurance policy if your claim was delayed, underpaid or denied.
Insurance companies look out for their own interests, so you should have someone looking out for yours. When you file a claim, you expect the insurance company to honor the policy that you have with them. Unfortunately, they are adept at finding ways to underpay, deny, or delay your claim. Trying to stand up to an insurance company on your own is usually a costly, time-consuming, and fruitless undertaking. They have armies of attorneys working to protect their bottom line, and the less they have to pay you, the more they get to keep for themselves. The most sensible and successful approach to ensure that you receive full compensation is to enlist the help of a renters insurance attorney.
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Based in Dallas & Houston, the team at Grisham & Kendall, PLLC has been helping people throughout Texas, Oklahoma, Florida, Arkansas, and Colorado with their insurance claims for more than fifteen years. Being a small firm allows us to provide more personalized service to each of their clients. Unlike most law firms, we believe every client is important enough to work with one of our founding partners. Every client we serve is assigned one of our founding partners who will be available to that client throughout the legal process.
We specialize in representing policyholders and have a wealth of experience in aggressively pursuing insurance companies on behalf of our clients. Realizing that people often come to us during difficult circumstances, we strongly believe in offering free initial consultations, and we will even meet you on site if necessary. The compassionate, competent, and seasoned attorneys at Grisham & Kendall, PLLC are ready to guide you in your legal battles against insurance companies and help you find peace of mind again.
Most people don’t think about renters insurance until it is too late. If disaster strikes or a theft occurs that leaves you with loss or damage, you will regret not having taken the precaution of obtaining renters insurance to help replace your belongings. When considering renters insurance, you likely have many questions and may not know where to start. The renters insurance claim lawyers at Grisham & Kendall, PLLC know how you feel and have compiled a list of questions that many of their clients have asked, including the following:
The following are some important things to consider before purchasing a renters insurance policy:
There are generally two types of renters insurance policies: named-peril policies and all-risk policies. For both types of insurance, there is a cap at which the policies will not cover any amount over that specified dollar amount. Similar to other types of insurance, both types of renters insurance policies use deductibles and pay you after you reach your deductible if property is lost or stolen.
There are typically three types of coverage offered by renter’s insurance:
Actual cash value is what most insurance companies use to reimburse you for lost and stolen property. They take the initial value of the item and factor in depreciation and your deductible to arrive at what the actual cash value is for your property. For instance, if you had a 10-year-old bicycle stolen, the insurance company would deduct a certain amount for depreciation over 10 years from the initial value of the bicycle. This type of policy would not give you enough money to replace the bicycle you owned.
For a higher premium, you can choose a replacement-cost policy that offers you the amount needed to replace the item. This type of policy would give you enough money to replace the bicycle you owned. Replacement-cost policies often implement caps on how much they will pay for items, and after a certain amount, they will only offer actual cash value.
Many apartment renters make the mistake of thinking their landlords have insurance on their complexes. While it is true that they may have certain kinds of insurance, such as protection in case a building burns down, it is unlikely that the items inside the building (the renters’ belongings) will be covered as well. Renters’ insurance exists to protect an apartment tenant’s property from theft, fire, or other disasters.
If your renters’ insurance claim was denied and you feel as though the insurance company acted in bad faith, the Dallas & Houston renters’ insurance lawyers at Grisham & Kendall, PLLC, are prepared to help you to seek the benefits which you are due. Contact us at (713) 999-5085 to schedule a consultation with an experienced Dallas, Texas renters insurance attorney.
Averaging approximately $19 a month, renters’ insurance is relatively inexpensive. Apartments in areas with higher crime rates are more expensive to cover. Ground level apartments are more costly to cover than apartments on the second story or above because they are more likely to be broken into.
In the unfortunate event that you need to make a claim on renters’ insurance, it helps to have some evidence of the items you lost. Keep receipts for expensive items in a safe place can help you prove your claim later on. Photographs of your belongings can also be submitted as evidence. If your renters’ insurance provider denies your claim despite your bookkeeping, they may be acting in bad faith.
If your renters insurance claim has been denied or underpaid, please contact the Renters Insurance Claim lawyers of Grisham & Kendall, PLLC at (713) 999-5085 to discuss your case. We don’t charge for the initial consultation and we represent most insurance clients on a contingency-fee basis where you don’t owe us anything unless we recover money from the insurance company through settlement or litigation.
See Also: Tips For Choosing Renters Insurance
For most homeowners, their home is their most valuable asset and, as such, many buy homeowner’s insurance to protect this valuable piece of property. When you buy homeowner’s insurance, you have several options available for varying levels of coverage. In general, the standard homeowner’s insurance policy includes replacement costs for certain hazards, such as fires, severe weather, and theft, and liability coverage for when someone injures themselves on your property. However, there are varying levels of cost replacement coverage. Typically, people are covered with replacement cost coverage, which does not fully compensate for all losses. Only a “guaranteed replacement cost coverage” policy will allow you to fully recover the expense of rebuilding your home as before.
If your home was damaged due to theft, a fire, severe weather, or other disaster, and your insurance company is attempting to underpay or deny your claim, you may need to consult with a Texas renters insurance attorney about taking legal action to get the financial compensation you need. Contact our legal team of Grisham & Kendall, PLLC, at (713) 999-5085 to speak with an attorney about your case today.
Most people have only regular replacement cost coverage, which determines how much your insurance company is willing to pay in advance of any damage. This amount is calculated by looking at the state of your home at the time of your insurance coverage purchase. Factors taken into consideration include:
A rare, and expensive, type of insurance coverage is called “guaranteed replacement cost coverage.” This coverage guarantees that the cost of replacing damaged parts of your home is fully covered without any limitations.
At Grisham & Kendall, PLLC , our Dallas renters insurance attorneys are committed to helping people obtain the compensation from their insurance companies they need after their home is damaged. To speak with an attorney about your case today, contact us at (713) 999-5085.
Home insurance in the U.S. falls into eight different levels. Each level is based on how much coverage you wish to have, what kind of housing you own, and how much you are willing to pay for the protection offered by each level. Whether you have coverage for your house, condo, or mobile home, your insurance company has a duty to stand by the terms of the agreement made between you and them.
When insurance companies fail to abide by their promises to policyholders by denying or underpaying legitimate claims, it is sometimes necessary to employ the help of a skilled and knowledgeable insurance lawyer. Our Dallas insurance attorneys of Grisham & Kendall, PLLC, are dedicated to helping individuals get the payment they may be due from their insurance companies. To speak with one of our attorneys today, contact us at (713) 999-5085
Homeowners who purchase home insurance do so in order to protect the serious investment they made when buying their home. A homeowner has a number of different options for protecting their home as there are several different levels of home insurance, such as:
Despite the many options of homeowner’s insurance, every person who has any type of policy deserves to be properly compensated by their insurance company in the event of a disaster or loss.
If your insurance company has failed in their duty to provide payment for damages to your property or possessions, don’t hesitate to call on a skilled and qualified attorney for assistance. Our Houston & Dallas renters insurance attorneys of Grisham & Kendall, PLLC, may be able to help you get the payment you need. Contact us today at (713) 999-5085.