Houston Texas Rental Market – Reasons to Have Renters Insurance

By Vestpro Residential Services

HOUSTON, TX. – Do you own rentals on the Houston Texas Rental Market? If so, there’s no denying that Hurricane Harvey was one of the worst natural disasters that we’ve ever seen and a prime example of why your tenants should have renter’s insurance.

How Should Houston Renters Get Started With Renters Insurance?

Thankfully it’s very easy to get started with renter’s insurance thanks to the Internet, any Houston renter can search online and get quotes for a renter’s insurance policy in as little as 10 minutes.

A typical renter’s insurance policy will cost a renter about $30 per month and the average deductible will be about $500.

Property owners in Houston should require their tenants to have renter’s insurance because, not only does the renters insurance policy protect the tenant if their personal belongings are damaged or destroyed due to fire or some other act of God, the renter’s insurance policy also acts as a liability policy by protecting the tenant if one of their guests is injured and needs medical attention while they are in the tenant’s rental property.

Besides covering the medical costs and expenses, the renter’s insurance policy will also cover the tenant’s legal costs as well.

Get Property Management Here

For professional property management contact Vestpro Residential Services today by calling us at (832) 971-1841 or click here to connect with us online.

Houston Texas Rental Market

Should You Require Your Houston Renters To Have Renters Insurance?

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Houston Renters

By Vestpro Residential Services

One of the biggest questions that many property owners have is if they should require their Houston renters to have renters insurance. An answer to this question is yes.

In this post will break down exactly what renters insurance is and how it affects the lives of every renter by being a form of insurance protection that they can rely upon should their personal belongings be damaged or destroyed due to an act of God like a fire, flood or some other type of damage.

How Should Houston Renters Get Started With Renters Insurance?

 Thankfully it’s very easy to get started with renters insurance thanks to the Internet, any Houston renter can search online and get quotes for a renters insurance policy in as little as 10 minutes.

A typical renter’s insurance policy will cost a renter about $30 per month and the average deductible will be about $500.

Property owners in Houston should require their tenants to have renters insurance because, not only does the renters insurance policy protect the tenant if their personal belongings are damaged or destroyed due to fire or some other act of God, the renters insurance policy also acts as a liability policy by protecting the tenant if one of their guests is injured and needs medical attention while they are in the tenants rental property.

Besides covering the medical costs and expenses, the renter’s insurance policy will also cover the tenant’s legal costs as well.

General Renters Insurance Requirements

Many large and medium-sized rental properties include a requirement in their lease that tenants hold renters’ insurance. If the tenant damages the premises, the landlord and other tenants can recover against the perpetrator’s insurance. Renters’ insurance also informs the tenant that the landlord is not responsible for their belongings and that the tenant has coverage for them. But it is important to know what type of damage your insurance covers. Basically, there are three types of coverage available: loss of use, personal property, and personal liability.

Source – Wikipedia

The Asset Your Tenants Need

Another benefit of a typical renter’s insurance policy is that the coverage will also provide financial assistance for the tenant if they are displaced in have to live in a hotel for a time following damage to their rental property.

Get Houston Property Management

To get started with Houston Texas property management contact Vestpro Residential Services today by calling us at (832) 498-0016 or click here to connect with us online.