Best Renters Insurance Companies in Edinburg, TX

Edinburg, TX Renters Insurance FAQs

• Are Edinburg residents required by law to get renter’s insurance?

  No, Edinburg residents are not required to get renter’s insurance. While state law does not compel them to, landlords could still require it before they allow tenants to live on their property. It is a good idea in general to have some form of renter’s insurance coverage because the insurance of one’s landlord does not cover damages to tenants’ personal property.

• Is a standard renter’s insurance enough protection for Edinburg tenants?

  No, a standard renter’s insurance is not enough protection for Edinburg tenants, because Texas, where the metro is located, is known to be prone to extreme weather events such as floods and tornadoes during certain times of the year. Renter’s insurance may cover damage to personal property due to high winds, but damage due to floods and earthquakes is usually only covered by a separate policy.

• What does the government in Edinburg require landlords to tell potential tenants regarding flooding and renter’s insurance?

  The state government, which encompasses Edinburg, requires that landlords tell tenants the following:

  • If their dwelling or apartment building rests on a hundred-year flood plain.
  • If their apartment building or dwelling experienced flood damage within the last five years.
  • Renters should purchase flood coverage as part of their renter’s insurance.

• Do renter’s insurance policies in Edinburg cover possessions that are stored away from home?

  Some renter’s insurance policies in Edinburg provide coverage for possessions that are stored away from home. Most of these coverages, however, only include a certain percentage of one’s personal property limit, which is usually 10 to 20% of the total. This means that if the limit is 10% and the total coverage for personal property is $50,000, then the items that are in storage will get a $5,000 coverage.

• Should an Edinburg tenant get flood coverage aside from their renter’s insurance policy?

  Yes, an Edinburg tenant should get flood coverage aside from a standard renter’s insurance policy because a flood could happen anywhere, not just in flood zones. The National Flood Insurance Program states that approximately 40% of insurance claims involving floods occur in areas that are not at high risk for it. Flood zones are areas that have at least a 1% chance of flooding in a year. Texas is a state that is particularly prone to flooding.