Renters Insurance in Texas
At Oryx Insurance Group, which serves the Lone Star State, we've had plenty of new and seasoned renters call us for more information on our rental insurance policies. Some folks want to know if renter's insurance is required by law in Texas. Others know they will want rental insurance no matter what the law says.
Regardless of what brings you to our office to learn more about renter's insurance, we're here to help.
What is renter's insurance?
As the name implies, renter's insurance is a policy that covers certain aspects of a rental unit. While every policy has different terms, renter's insurance generally covers items related to damages, reimbursing for lost or stolen valuables in the rental unit, covering repairs in certain cases, and medical bills if an injury occurs in the rental unit and the renter is found to be at fault. Of course, this list isn't exhaustive.
Does Texas require renter's insurance by law?
While Texas does not legally require renters to have renter's insurance, the answer to this question can be complicated. Even if the law doesn't need you to have renter's insurance, your landlord might include obtaining renter's insurance as a part of your lease. In this case, if you don't have renter's insurance, you will be violating your lease and may face legal consequences for it.
Even if your landlord and the law do not require renter's insurance, this doesn't mean it's unhelpful or unnecessary. Whether you rent an apartment, a condo, a house, or a room, having renter's insurance can help you cover unexpected emergencies such as a break-in or repairs not covered by your landlord's insurance.
You should get renter's insurance if you rent so you can relax if there's a disaster, break-in, or other issues.
To learn how our renter's insurance policies can help you, call our team at Oryx Insurance Group today!