Many people rent in Dallas and the surrounding areas. What most renters don’t know, however, is how important Texas Renters Insurance can be. We keep an eye on news reports of apartment fires and other property losses of tenants, and there seems to be a somewhat higher incidence of apartment fires in the Dallas area. We can’t correlate this with any specific data, but it’s an interesting statistical blip that reinforces the need for you to be covered.
Renters insurance in Dallas is inexpensive, especially compared to other parts of Texas. Corpus Christi, TX Renters Insurance, for example, can run somewhat more than coverage in the DFW area. Dallas is a fairly low risk city, and that’s reflected in the premiums. It’s also not really at risk from hurricanes, something that can drive up premiums in other parts of the state.
Ice and snow aren’t significant risks here, either. But that doesn’t mean you don’t need coverage. Because you’re in a city with a large number of people in close proximity, you need to remember the same safety precautions as you would take in any other city. One of those is to minimize your risk of theft. But don’t just minimize the risk of theft, minimize the risk from theft. Dallas renters insurance allows you to recover from a theft in ways that just aren’t possible without the coverage.
Other risks include fire and water. Either one can move from your neighbor’s apartment to yours in just seconds, and both can cause total losses of the contents of your apartment. With fire damage, of course, comes water damage most of the time. Even an overflowing bathtub, however, can be devastating to your life.
Dallas, TX renters insurance is easy to get, and cheap, around fifteen dollars a month. Effective Coverage has been the Texas renters insurance provider of choice for many years, and works to understand the needs of renters and match insurance policies to those needs in the most efficient way possible.
Renting In Dallas, Texas
Finding an apartment in Dallas is not challenging. Finding the right one for your needs, however, can be challenging just like anywhere else in America. Aside from remembering the standard ways to protect yourself when renting an apartment, consider a few things about Dallas…
Dallas has a population of 1.2 million people, so it ranks high on the list of large cities in the United States. With all those people, you want to be sure you know what kind of neighbors you’ll have when you rent an apartment. The median household income in Dallas is $41,354, lower than Corpus Christi but higher than many other places in Texas. That’s also skewed by households of college students, for example, who generally do not work.
Property values are slightly higher in Dallas than the rest of Texas, with the median home price $133,200 in Dallas and $129,200 overall in Texas. These property values in turn impact average rents. Texas being Texas, however, property taxes are somewhat lower than the national average which helps to balance out the impact on rent, because both are taken into consideration by landlords when setting those numbers.
Dallas has a good mix of private rentals, mostly in homes converted to multiple apartments, and apartment complexes. In 2012, the median gross rent between all types of rental homes was $807, which is lower than in many places.
The population density in Dallas is high, at 2,747 people per square mile. The cost of living, however, is slightly lower than the national index. The vast majority of people work in jobs for companies, rather than being self-employed. Major employers include the oil industry, of course, but that also goes for Texas as a whole. Only 18.8% of residents live in poverty, which is far better than the national average.
The median age of Dallas residents is 32, and many of those people are at a stage in their lives where they have bought a home and are out of the rental market. This makes the market slightly less competitive. The number of residents with a religious affiliation is slightly higher than the national average, but not surprisingly so. Of those, the vast majority identify as Catholics.
Dallas is home to Dealey Plaza, in the historic West End area. There’s now a museum on the sixth floor of the Texas School Book Depository, which is where the window Lee Harvey Oswald allegedly used is located. Theories about the event, of course, vary depending on whom you ask.
Renting in Dallas is easy, and after you rent an apartment, it’s easy to get Dallas, TX renters insurance to protect yourself and your family. Make the phone call and you can be covered in just five minutes.
To find out how Effective Coverage can protect you, and how affordable it is, just call (800)892-4308 or click to get covered - whether you need Dallas renters insurance quotes online or coverage anywhere else!
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