Garland, TX renters insurance doesn’t have to be complex, or difficult to understand. The policy document might be lengthy, but most of what you need to know about Texas Renters Insurance can be easily fished out of that complex document. That’s why you should talk with renters insurance experts, like Effective Coverage, where we are passionate about insurance and about protecting renters.
When we developed our core values, we felt compelled to make education a priority in them. Did you know that fifty-six percent of renters don’t have Texas Renters Insurance? This is largely due to a lack of understanding of the product, or of the pricing. Effective Coverage is on a mission to fix this, and get as many people covered as possible, as part of our commitment to renters nationwide.
Garland, TX Renters Insurance
Why Do I Need Garland, TX Renters Insurance? Nothing Will Happen To Me.
- Bethesda Apartment Fire (Cause: Dryer lint)
- Austin Apartment Fire (More than $1MM in damages)
- Neighbor’s Drug Lab Explodes
- Ex Goes Crazy And Trashes Your Apartment
- Petty Theft From Drug Users
Shall we go on? Sure, the odds are small that a loss will happen to you this particular month or year. But life, like goldfish and gambling tables, has no memory. Every year you go without a loss, you’re putting your three white marbles and one black one back in the bag and drawing again, and the odds are the same every single time. The law of averages states that you will have a loss sooner or later.
When you do have a loss, will it just impact you? What about your family? What about your neighbors? If the aforementioned dryer fire was your fault, could you pay the $400,000 in contents losses to the residents? Could you pay the $600,000 in damages to the building? That’s why you make sure you’re covered by Garland, TX renters insurance. Because you just never know.
Why Do I Need Renters Insurance In Garland, TX If The Landlord Insures The Building?
First, that insurance is on the structure, not on your property. The landlord couldn’t insure your property if he wanted to since he doesn’t own it or have an insurable interest in it. Your Garland renters policy has a deductible, often $500, on contents. Your landlord’s commercial policy, however, has a deductible that’s commonly $25,000. That’s the amount of risk he retains, before the insurance kicks in.
If there’s $20,000 of damage to the building, he’ll expect you to pay for it. If there’s $100,000 of damages to the building, he’ll expect you to pay the deductible. His insurance company may well subrogate against you for the remainder that they paid out, if you’re in fact at fault. Liability coverage on your Garland, TX renters insurance takes care of those risks.
Even more importantly, liability coverage provides you a defense to claims that could be paid under the policy. If the landlord sues you for those damages, or the insurance company subrogates against you for the damages, your Garland renters insurance company will provide a defense at their own expense to settle or litigate those claims. Those lawyer fees don’t come out of your pocket.
Your landlord’s insurance certainly won’t pay for your property. What if the neighbor wants to try a recipe for hash he found on the internet and blows up the building? You won’t know it’s coming until it’s too late, and then everything you’ve worked so hard for is gone. If you don’t have coverage, you have to replace thousands of dollars of your personal property out of pocket, and then sue the neighbor for the costs.
Chances are strong that the neighbor in this example is what’s commonly known as “judgment proof,” meaning they have no assets or income worth collecting on. That leaves you stuck with the bills and the expense of collecting on them. If you have renters insurance in your Garland, TX apartment, all you do is file a personal property claim with the company, get a check, and then go replace the things lost to your neighbor’s explosion. If there is a recovery to be made, and if it’s worth pursuing, the insurance company will do that on your behalf. In an ideal world, they can even get your deductible back from the responsible party, sooner or later.
Another thing your landlord’s insurance won’t do is to put you in a hotel after a covered loss. Garland, TX renters insurance has a coverage called “loss of use” which will do just that, along with covering other additional living expenses resulting from that covered loss. You don’t need to wonder where you’ll stay after the fire if you have a policy, you just need to call the company and they’ll take care of you.
How Much Does Garland, TX Renters Insurance Cost With All That Coverage?
You’ll be surprised to learn that renters insurance in Garland, TX is no more expensive than the national average of about fifteen dollars a month, even with all of the protections mentioned above and more. You’d also be surprised to learn how easy it can be to get. One call to Effective Coverage, or one click can get you covered in just minutes with highly rated renters insurance in Garland, TX.
Renting In Garland, TX
Garland, TX is a great place to live. With just under a quarter million people, the population is increasing, but at a sustainable rate. Garland has planned for population increases and the infrastructure and economy are growing at rates that support the additional people, and this parallel is expected to continue for the foreseeable future. With Dallas nearby, there are even more opportunities.
The estimated average price of a home in Garland is just $111,700. The average rent is only $895. Both are very low for the homes and apartments in the DFW Metroplex, which makes Garland even more attractive. With most of the city lying in Dallas County, taxes are reasonable. Even if you rent, the property tax rate is important to be aware of in Texas, where it can vary significantly among towns and cities. Just because you don’t pay the bill directly doesn’t mean your landlord isn’t factoring property taxes into your rent!
Garland’s eclectic economy has roots in the construction of the KRLD radio tower in 1937 and the jobs that several WWII aircraft plants brought to the city. After the war was over, the factories didn’t simply sit idle. Companies believed in Garland, even then. Factories that were no longer needed were sold and retooled, and continued operating producing different products. An example of this is the Continental Motors plant which was purchased by Kraft Foods at the end of the war. Since Kraft sells neither war materiel nor motors, it was retooled to produce their food products and remains in operation to this day. Through the 1940s, Garland was a major transit point in shipping, especially of onions, because it lies at the intersection of two rail lines.
Garland has had its share of difficult times, as well. In May of 1927, much of the town was leveled by a tornado. Seventeen people were killed in that tragedy. While building codes have improved along with our understanding of how to survive such an event, those improvements protect you as a person. Better building codes don’t protect your property to nearly the same degree. That’s why it’s important to make sure you have a Garland, TX renters insurance policy from Effective Coverage. One call or click is all it takes!
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 Garland renters insurance quotes online or coverage anywhere else!
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