As time goes on, more and more people are flocking to San Antonio, Texas as renters. Review our San Antonio Renters Insurance Guide for more information on living and working in the area, as well as what you need to do to make sure you and your family are protected.
Can My Landlord Make Me Get Renters Insurance In San Antonio?
Absolutely. There’s public law, which we’ll discuss in a moment, and private law, which pertains to binding contracts between two or more individuals. Your lease is a contract and has the force of law. If there’s a provision in it requiring you to maintain renters insurance or liability insurance, you’re obligated to abide by that provision because you signed the contract.
Does San Antonio Have An Ordinance Or Law About Renters Insurance?
There is no ordinance or law in San Antonio that mandates you to have coverage. What there is, however, is a great deal of case law that strongly suggests everyone should have it. Remember that Texas is one of the most plaintiff-friendly states in terms of lawsuits. If you cause damage to the unit or injury to another person, and the landlord sues you, they will win – there are no two ways about it. You’re actually at higher risk in Texas for a liability claim because it’s such a litigious state and because judgments so often come down in favor of the landlord or other injured party.
With that in mind, don’t forget that Texas Renters Insurance also covers defense costs if you’re sued for something the policy is likely to cover. That’s important because those costs add up very quickly. If you don’t have a policy, you could well find yourself with no lawyer trying to defend that suit pro se. That’s most assuredly not a position you want to be in, because you are nearly guaranteed to lose. If you see no other benefit at all to having renters insurance in San Antonio, think of it as lawyer insurance. That alone is worth its weight in gold.
What Questions Should I Ask When Buying Renters Insurance In Bexar County?
First, you want to be sure to ask what “form” the policy is written on. There are a few companies still writing tenant policies on the older HO-BT form, which provides less broad coverage than the modern HO-4. The differences are subtle in some cases, but can be crucial when it comes time to determine if coverage is available for a loss.
Next, make sure that you can list your property manager as the “additional interested party” on your policy. Most San Antonio property managers demand this. One carrier won’t do it at all on an HO-BT, and at least two carriers won’t do it on an HO-4. It’s a question worth asking. Make sure to list the landlord as additional interest on your renters insurance, not as additional insured. Some insurance companies presume the latter, and that can have significant negative implications on available coverage in the event of a loss.
Last, make sure you know what the policy covers. Do you have jewelry that might exceed the sublimit for that class of property and need to be endorsed on? Do you really know how much personal property coverage to get on renters insurance? There are several formulas for calculating this number, and some are more accurate than others. How much liability coverage do you have?
If you own a home elsewhere and are just temporarily in San Antonio, you’ll want your liability limits on the renters policy to match those on your homeowners policy. This ensures there are no coverage gaps, and is especially important if you also carry a personal umbrella liability policy. If you have an umbrella with a $300,000 retention, and $100,000 of liability on your tenant policy, you’re on the hook for the $200,000 difference if there’s a claim the umbrella is able to pay out on, because it doesn’t start paying until you reach $300,000.
What Should I Know About Renting In San Antonio?
- It’s a lovely place to live. Even in mid-October, the temperature hovers around a comfortable 75 degrees.
- The city is served by I-10, I-35, and the I-410 loop, as well as several other main roads.
- You have easy access to beaches (Corpus Christi and South Padre Island) and the nightlife of Austin, both just a quick drive away. Even Houston is well within day trip range, and worth the trip.
- San Antonio may be close to the coast, only a few miles north of Corpus Christi, but the risk of a wind or hurricane loss there is drastically lower than in coastal Texas. This helps reduce rates and in some cases may even result in improved coverage.
- The median household income is $45,524, and with a median gross rent of only $800 a month, the median income is definitely a livable amount.
- Apartments in San Antonio can be subject to heavy competition. If you see something you like, you need to get the ball rolling as soon as possible.
- Only 24.3% of the population over 25 has a bachelors degree or higher. That means that if you’re in a field that requires a degree or is enhanced by education, you’re likely to have an easy time finding work.
- San Antonio is a safe city to live in, and the staffing numbers of the police force bear this out. The Texas average is 1.95 sworn officers per 1,000 population. San Antonio has only 1.65 per 1,000, and doesn’t actually need any more protection than that.
- Construction is a big industry in this booming city, so there are certainly jobs for those without degrees, as well as those who simply prefer that sort of work. It’s also a good indicator of economic health.
- San Antonio has been known to get a few inches of snow once in a while, so be prepared for some white mornings and weird commutes when that happens. Remember that weight of ice and snow is a covered peril on your renters insurance!
That’s A Lot To Take In! How Can I Get Expert Advice On San Antonio Renters Insurance?
San Antonio has many insurance agencies, but only one firm that focuses with laser-like acuity on the insurance needs of renters. Effective Coverage was born from the needs of a renter and has never left those roots. The foremost Texas renters insurance provider has built a business around friendly, helpful service and products that are affordable and provide the protection you and your family deserve. You can call Effective Coverage at (800)892-4308 or click above for free online San Antonio renters insurance quotes.
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 San renters insurance quotes online or coverage anywhere else!
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