Recently, we received an inquiry from a client who has a Texas renters insurance policy. The insured’s daughter lived the same apartment complex and maintained the same coverage.
The mother’s policy was 50% more than her daughter’s, and she wanted to know why. This is an interesting question, especially in light of the fact that insurance premiums often drop as you get somewhat older, because you become less risky than, for example, an average college student. While we certainly can’t publicly speak to the specifics of their policies, we can run through some common factors that impact the price of renters insurance. [Read more...]