First Time Renters Guide to Insurance

Renting your home can be a great solution to many housing complexities. Renters don’t need to worry about things like maintenance or property taxes. However, first-time renters should consider investing in renters’ insurance. At Hermes Insurance Solutions, serving Sanger, TX, and the surrounding areas, we want to help first-time renters make intelligent insurance choices. Here’s what you need to know about insurance. 

Do Renters Need Insurance?

Absolutely. Although you don’t own the property you’re living in, you do own your possessions. If a natural disaster, fire, or burglary takes place and your items are lost or stolen, the expense of replacing those items will come out of your pocket. This could create a financial hardship if you suddenly face this unexpected expense. Renters insurance will protect these expenses by helping you pay for the lost items.

How Much Coverage Is Needed?

Renters insurance differs from homeowners insurance in that the amount will be set based on the value of your possessions. The best way to determine how much coverage you’d need is to sit down with an insurance rep and discuss your particular needs. The amount of coverage will vary from person to person since the value of possessions will vary.

Is Renters Insurance Required By Law?

No, this type of coverage isn’t required by law. However, investing in renters insurance is still a very good idea to protect yourself from sudden expenses. It’s a good investment in your future financial security.

If you’re interested in learning more about renters insurance or any of our other insurance products, don’t hesitate to contact us at Hermes Insurance Solutions. We serve Sanger, TX, and the surrounding areas. Stay strong, Sanger!