Landlords & Tenants: Are You Covered?
Insurance can be confusing enough on simple homeowner policies; leasing a residential property is just one more twist to throw in. Whether you are the owner of a rental property, or you are the renter yourself, the agents at Watkins Insurance Group are happy to answer your questions.
Owners of investment homes in Central Texas must be careful these days when choosing an insurance policy. The fact is that property premiums across Texas are increasing. This typically means that basic insurance policies available will provide less and less coverage in order to stay competitive premium-wise. For example, coverage for certain types of water damage may not be included in your current policy"a coverage that you might assume all insurance policies would handle. Youll find now that such coverage is probably available to add for a little extra premium. Another issue Texas insurance agents are dealing with is trying to find insurance policies for residences that are vacant over 60 days for whatever reason. Instead of keeping quiet about vacancy to your agent, theres a better option that doesnt compromise all of your rental homes protection.
Those that rent or lease their home, (whether apartment, house, condo or townhome), need to recognize the importance of renters insurance. The idea that you dont have enough stuff worth insuring is not a good excuse. Youll still need clothing and furniture if you are responsible for a fire at your property. The liability protection in such a policy is reason enough to get with an agent. Anyone can be sued as if they were wealthy"do you really want to risk ending up tens or hundreds of thousands of dollars in debt? Remember: Even if a lawsuit is frivolous, you still have to hire Defense attorneys.
Learn more about the insurance information you really need to know. Call the friendly agents from Watkins Insurance Group to receive unbiased advice and information. They are always happy to discuss your needs and review your current policies. Watkins Insurance Group agents are here to help!
Have more questions or want to learn more about Watkins Insurance Group? Please check us out online!