Average Cost of Renters Insurance - And Money Saving Tips

The average cost of renters insurance in the Houston, Texas area is $16 to $20 per month for about $10,000 of coverage. Knowing this now, can you really afford not to get a renters insurance policy? What if there is a fire in your building? You will lose all your precious possessions and have no way to replace them if you don't have a renters insurance policy. What if someone comes into your apartment and slips and hurts themselves then decides to sue you? Your renters insurance policy would cover that for you.Talk to a local insurance agent who knows about renters insurance and can help you tailor the policy to fit your needs. You can get coverage that not only protects your precious things from loss from fire but you can protect yourself from vandals, wind, theft, liability and loss of use. A replacement cost policy is recommended, rather than an actual cash value policy, so you get the amount that it would cost to buy the items you lost brand new. A replacement cost policy is slightly more expensive than an Actual-Cost-Value but is worth it to be able to purchase everything that you lost and should not affect your average cost of renters insurance to any great degree. Document all your precious things on video or take pictures of everything, along with a written inventory, and put them in a safe place like a fire-proof locked box or safe deposit box so you have proof of things you own. Flash floods are a fact of lief in Texas. Flood insurance is recommended also, especially in Houston, and not included in a standard renters insurance policy. You will need to add it. Since flood insurance usually becomes effective 30 days after you purchase it, you should not wait to get it. If renters insurance is so inexpensive why do people go without it? Maybe because they don't know any better. Maybe they think that nothing bad can happen to them. Who knows! Don't be one of them. Life is unfair and uncertain, you just never know what and when something might happen. Protect yourself and your precious things and get a renters insurance policy.Money Saving TipsIf you are still trying to save money then ask your agent about any discounts their company offers. Perhaps you could combine your auto insurance with your average cost of renters insurance and pay a little less on your premiums. Agree to pay a higher deductible, if you can afford it, to bring down the cost of your monthly premium. Another way you can save on your renters premium is not to have any pets Also, try to find a low crime area to live in. Makes sense doesn't it? A low crime area means there is less of a chance someone will break in and steal your precious things.It's important if you lease or rent your home to have the appropriate coverage necessary to protect your assets. It may be the only thing that stands between you and sleeping on the floor.