A great advantage of being a renter is that the landlord is responsible for the complex’s upkeep, which entails plenty of time-consuming work. However, your rental checks don’t cover every risk to your property and you.
Even if the property owner doesn’t require it, it’s smart to purchase renters insurance because it offers a cushion of liability coverage in the event that you face a lawsuit for damages or injury to another party.
If you’re a Texan resident, this financial product is necessary because most property management companies require it. If you’re new to renting and are wondering which insurer to pick, here’s the list of top insurers in Texas.
Texas Farm Bureau
For over 50 years, Texas Farm Bureau has helped its clients manage the monetary risks of daily life and recover from insured losses through punctual and professional service while adhering to high moral standards.
If you’re seeking an insurer to bundle your policies, this is a great option. Another benefit of the insurer is that it offers discounts on rental cars and motor vehicles for its members. More importantly, it has a record of not increasing rates on an annual basis to modify their pricing. Therefore, you’ll have a stable premium provided your lifestyle remains comparatively the same.
USAA
USAA is an excellent option in Dallas and Texas because it comes with affordable pricing and comprehensive coverage. On average, you can expect to spend $63 annually and you can bundle other products, thereby earning you a discount. Generally, the insurer is affordable, so bundling with your USAA policy will earn you more savings.
Bear in mind however that you can only be eligible if you’re a military member or related to one. This can be an excellent product for the several veterans situated in Dallas who may frequent reserve bases within the city.
The Texas Department of Insurance
The Texas Department of Insurance or TDI regulates the insurance industry in the state and protects consumers by fostering a competitive and stable market. With its headquarters in Austin, TDI has a fraud unit, which is responsible for implementing laws associated with fraudulent indemnity acts in the U.S.
The Hartford
The Hartford, which has been in operation for over 200 years, seeks to help businesses and people prepare for the unforeseen and protect what’s uniquely significant to them. The insurer offers the cheapest option and superior coverage in Dallas and Texas. Policyholders in particular like the insurer’s customer interaction, billing practices, and policy offerings.
Effective Coverage
Effective Coverage works to ensure clients obtain the best coverage at the best possible cost. The insurer’s goal is to inform and build relations with its clients by surpassing expectations and redefining consumers’ experience. If you want a quote, you can obtain one online or simply contact them.
Nationwide
Nationwide combines financial strength with high consumer rankings. With renters insurance from this company, you can tailor a policy that suits your budget and lifestyle. The company provides three ways of obtaining a rental policy quote-you can obtain one online, find an agent, or contact the company. With this insurer, you’ll benefit from discounts, superior service, and competitive coverage.
Final Thoughts
Finding an insurer that meets your budget and suits your needs can be challenging, especially since numerous providers exist in the market. Consequently, it’s imperative you conduct due diligence before making any decision. Fortunately, this list will help shed some light if you’re new to renting in Texas.
For more information on renters insurance companies in Texas, contact us at Apartment Agents or leave a comment.