Best Renter's Insurance Companies in Fort Worth

FAQs

• Why should you consider getting renters’ insurance in Fort Worth when the apartment owner already has landlord’s insurance?

  Landlord insurance only protects what the landlord owns, which is the physical apartment building and the items they own within it. It does not safeguard the tenant's possessions. Renters' insurance comes in handy in this situation. If there is a fire in your Fort Worth apartment, your renters' insurance will cover the costs of replacing your personal belongings that were damaged or lost in the fire, while your landlord's insurance will cover the costs of repairing the apartment.

• How much do tenants in Fort Worth pay for renters’ insurance?

  In Fort Worth, the average annual cost of renters' insurance is $226, or about $19 per month in 2023. This is slightly more than the state average of $219 per year. Due to exposure to harsher weather, premiums are higher in major cities such as Fort Worth and near the coast. In comparison, the national average monthly cost of renters' insurance is $18. These are based on a Value Penguin insurance data analysis.

• Do you need to buy a new renters' insurance policy if you move to another rental outside Fort Worth?

  Unless the company has no underwriters in the new location, most Fort Worth renters' insurance companies can keep your policy active even if you move. You only need to provide the specifics of your relocation so that your current insurer can make the necessary changes to your policy to comply with local requirements in your new location. Keep in mind that your premium may change as rates vary by location.

• Can renters’ insurance provide any assistance when you need to move out of your rented condo in Fort Worth?

  Loss of use coverage is included in a basic renters' insurance policy in Fort Worth. This coverage pays for additional living expenses if you are forced to vacate a rental because it has become uninhabitable due to damage or is being repaired. You can claim reimbursement for moving-related expenses that exceed your normal spending, such as hotel accommodations, moving services, and restaurant meals.

• Does renters’ insurance in Fort Worth also cover guests who get injured in your rental like homeowners’ insurance?

  Personal liability coverage is standard in most Fort Worth renters' insurance policies. If a guest slips and falls in your rental because you did not clean up a spill, this coverage can help cover the guest's medical expenses as well as your legal fees if the guest decides to sue you. If the injured person is a member of your household, this coverage does not apply. Personal liability insurance can also help you pay for damage you inadvertently cause to someone else's property.