Can My Landlord Require That I Buy Renter’s Insurance?

Do you rent an apartment or home? Many tenants ask us whether it is legal for their property management company to require them to buy renter’s insurance. The answer is both yes and no. Here’s what you need to know.

Renter’s Insurance is Not Legally Required in Texas

Unlike auto insurance, the government doesn’t care if you have renter’s insurance. Thus, it is not legally required. But just because it isn’t something you have to carry doesn’t mean that it isn’t helpful. If your rented apartment or home is ever broken into or involved in a fire or storm, you’ll want to make sure you have it to help pay to replace your stuff and pay for a temporary place to stay.

Your Landlord Can Still Require Renter’s Insurance

The caveat to this is that your landlord can still require you to have renter’s insurance. How so? This is usually written into your lease contract and states that they can evict you if you don’t have this coverage. By taking this route, they can ensure you have a policy, even though you aren’t required by law.

Purchase Renter’s Insurance at Presley Insurance Services

Fortunately, buying renter’s insurance is easy. Our team is here to help you find the right policy that meets your needs and budget. Most policies only cost a few dollars per month, which could even be offset by a potential discount on your auto insurance. For most people, this allows the ability to have two types of coverage for right around the same monthly rate, but certain conditions apply.

Are you ready to learn more about purchasing renter’s insurance in Denton or Dallas, TX? Please contact our team at Presley Insurance Group in Dallas, TX  for more information or receive a no-obligation quote.