Best Renter's Insurance Companies in Killeen

FAQs

• Won’t your landlord’s insurance in Killeen cover some of your stuff if they get damaged?

  In an ideal world, that would be how things work, but in reality, your landlord’s insurance policy is limited only to safeguarding the structure of the rental property and not any of the tenant’s belongings. This is why it is always a good idea to obtain renter’s insurance whether or not your landlord requires it for your lease agreement. Renter’s insurance is fairly affordable and will help protect your personal belongings from various perils like fire, theft, and hailstorms.

• Does renter’s insurance in Killeen cover the full value of your jewelry?

  If you have highly valuable items like jewelry, fine art, or collectibles, it may have some form of coverage under your Killeen-issued renter’s insurance policy. However, more often than not, the amount of coverage is limited and will not cover the full value of the item. If you wish to add coverage for your jewelry, you can add an endorsement to your existing policy for maximum protection against perils recognized by your insurance provider.

• What is the difference between actual cash value and replacement cost when choosing renter’s insurance type in Killeen?

  If you’re getting renter’s insurance in Killeen, you may have been faced with choosing between actual cash value and replacement cost. These two types of insurance differ in how you’ll get paid in the event that your personal belongings get damaged or stolen. Actual cash value pays you the depreciated value of the item based on its age and condition. Meanwhile, replacement cost pays you to have your item repaired or replaced based on the cost of the item at present.

• If your rental property in Killeen was damaged in a fire, can your insurance policy pay for your expenses while repairs are being made to the building?

  Yes. Renter’s insurance policies in Killeen are usually inclusive of coverage for additional living expenses. This type of coverage shoulders your expenses on food, accommodation, and other essentials in the event that you have to temporarily move out of the rental property due to damages from a covered peril, like a fire.

• If you’re a student renting a place in Killeen, do you have to obtain renter’s insurance?

  Before you try to get renter’s insurance in Killeen, you might want to check if you are a dependent of your parents’ homeowner’s insurance policy. If you are, then you might not need renter’s insurance, as you’re considered covered even if you are not living at home. You must keep in mind, though, that such coverage is often limited to 10% of the personal property coverage in your parents’ homeowner’s insurance policy.