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Is personal liability renters insurance right for your living situation?

On Behalf of | Jun 29, 2023 | Premises liability

Large Texas cities such as Dallas, Austin and San Antonio continue seeing waves of new residents arrive daily. With such a growing demand for housing, it’s not surprising that waves of Texas residents rent units in multi-unit buildings where space is easier to come by. While renting can help you avoid the additional expenses of home ownership, many renters choose to have personal liability insurance.

The protections of personal liability renters insurance

Before signing up for personal liability renters insurance, you should know what protections you will receive. This type of renters insurance protects you from certain types of property damage and personal injury claims from guests.

If you were at home and your window AC unit suddenly fell out, it could hurt people or vehicles when it landed. Without personal liability renters insurance, you could pay for the damage this falling item causes.

Another way personal liability insurance protects renters involves personal injuries. As a renter, you don’t own the property you lease. However, you are still responsible for injuries that happen in the rental property you live in. So, this form of renters insurance could provide financial assistance for premises liability situations.

What personal liability insurance for renters doesn’t do

Personal liability renters insurance won’t cover:

  • Personal belonging protection
  • Temporary relocation expenses
  • Damages sustained in car accidents
  • Payments for intentional property damage
  • Liability claims stemming from a home business
  • Injuries sustained in a rental property’s common area

Some renters couldn’t imagine life without personal liability insurance. While the last thing many want is another bill to pay, this insurance provides protection that could soon prove invaluable.