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Know your Insurance: Renter’s Insurance

July 14, 2014

We’ve covered most types of auto insurance from liability, to UM/UIM, to Comprehensive, to Collision, to Medical payments and more. So we decided to change our focus to other types of insurance options that are available to you that you need to know about. If you are renting an apartment or home, we strongly encourage you to consider purchasing renter’s insurance to protect your property.

Renter’s insurance is designed to cover the personal property in the event it is destroyed, damaged, or taken from you due to perils such as fire, theft, or vandalism. It is not designed to cover property that is intentionally destroyed and it does not cover the actual structure of the building or dwelling, with the rare exception of small alterations made to the structure by the tenant (it will cover items that affix to the walls such as tv mounts, curtain, blinds, etc.).

People often assume that their landlord is required to insure the renter’s property in the building. Not only is this not true, a landlord is not even legally allowed to insure your personal property because he/she does not a have an insurable interest in your property. Therefore, when you are renting, the only way to protect the value of your possessions, is through a renter’s insurance policy.

Renter’s insurance is extremely cheap coverage and can be as low as just over $100 a year for $25,000.00 worth of coverage of your property. So there is no reason to not protect yourself from potentially devastating loss for these low amounts. If you are renting and have valuable property in your home, it is pivotal for you to have renter’s insurance to cover these expensive items in case they are destroyed or stolen from you.

A Message to Our Clients About Coronavirus COVID-19:

A Message to Our Clients About Coronavirus COVID-19

At Hodges Trial Lawyers, P.C. we view the safety and well-being of our clients, staff and business partners as our highest priority.

The situation regarding the COVID-19 virus is continually changing, and we are following all recommended guidelines to stay healthy.

Currently, our law firm is remaining open and working to serve your legal needs. We are, however, limiting in person meetings to comply with social distancing recommendations.

We are happy to arrange for phone or video consultations should you have any concerns about keeping your scheduled appointments with us. We are also able to exchange documents via secure drives or email. We will continue to diligently represent our clients, even if we have to do so remotely.

Should you have any concerns, please contact us online or call/text us at 256-539-3110.

Thank you and stay safe.