If you are one of the millions of people who rent a home or an apartment, no doubt you enjoy the freedom that homeowners can only dream of. With the long list of amenities that most apartment homes offer, you don’t have to worry about yard work, repairs, or maintenance issues. Another attractive feature to most renters is that there is no need to pay for insurance, which is something that is required of all homeowners. Tri-Star Insurance Professionals Inc. in Plano knows every aspect of home or renters insurance that is available in Texas. However, as the rental house or apartment where you live is required to have a policy covering any damage that the building may suffer, what reason would you have to take out an insurance policy on property you don’t own? As Jack Morris found out, there is a very good reason.
When Jack moved to Frisco from Shreveport to start a new career, he found a great deal on an upscale two-bedroom apartment home. As it was his first time living in an apartment, his leasing agent mentioned the idea of renters insurance. Not really knowing anything about it, he took the time to do a little research on the specific policies offered in the lone-star state. Even after examining the available packages and learning that personal possessions are covered up to a certain amount, Jack decided that paying the little extra for renter’s insurance wasn’t for him.
After living in the complex for about eight months, Jack was nicely settled and enjoying his relaxed lifestyle. However, that all came to an end when he was awoken one night by the sound of alarms blaring from every direction. After realizing it was the smoke detector that was causing the ruckus, he quickly got dressed, grabbed a few things, and ran outside just in time to see the fire brigade approaching. As he looked up to his second story unit, he could see flames licking the inside if his neighbor’s window. As it turned out, his neighbor had accidentally started a kitchen fire that had spread to three other units, including his, before fire officials were able to put it out.
After everything was said and done, the estimated damage to Jack’s property was around $18,000. If only he had paid the relatively small amount for renters insurance, he wouldn’t have suffered such a tremendous loss. Not only is insurance for renters easy to get, it is also usually very inexpensive. Some policies are available for as little as $10 a month, and when combined with auto insurance, the cost may drop even further. Not only does it cover fire, but also smoke theft, and vandalism.
If you want to avoid the painful and costly process of replacing your belongings in the event of a disaster, contact Roger Harkins of Tri-Star Insurance today at 214-387-0600 or visit them on the web at www.tristarins.com. Give yourself peace of mind by knowing your valuables are protected!
Texas Department of Insurance
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Texas Fire Prevention Society