Katy Texas Insurance Agency says taking a few simple steps can help property owners and renters protect themselves against losses
Katy, TX insurance specialist says property owners and renters can save money on their monthly premiums if they take a few simple steps.
Frank Hursh, owner of Katy TX Insurance Agency (http://www.katytexasinsurance.com) said the first thing landlords and renters should understand is the need to protect themselves and their properties.
“Most landlords have insurance coverage but they do not have adequate coverage. These landlords or property owners usually find this out when they attempt to file claims. That is when they find out they do not have adequate coverage. By then it is too late. The damage is done,” Hursh said in his office earlier today.
He said that most renters are not even aware that they can get coverage for their properties and families while they are renting.
“Most renters assume that the insurance policy covering the property also covers them. The truth is it does not. The renter is responsible for purchasing renters insurance for themselves and their families,” Hursh added.
The Texas insurance expert said there are two types of insurance policies; those that landlords buy to protect their properties, and those that tenants or renters buy to protect their possessions and themselves.
“Renters insurance that renters buy to protect themselves and their families covers liability so that if someone falls or is otherwise injured on the property they are renting, their medical bills and any legal fees will be covered. The landlord’s or property owner’s insurance does not cover that,” Hursh said.
He said landlords can lower their monthly premium by adding anti-theft and other security features to their properties.
“Flood lights, alarm systems, working gates and other safety devices can help lower your monthly premiums. It is also a good idea for the landlord to keep the property maintained and to check on it periodically. A tenant might be less likely to report leaks, floods and other conditions that could lead to potential property damage that would require you to file a claim,” Hursh added.
Hursh advised renters to consider policies with higher deductible as a way to lower monthly premium.
“You should consider a policy with a higher deductible. This means you’ll have to pay more out of pocket if you need to replace items. You should not do this if you have a lot of high end, expensive, irreplaceable items. In that case you must be sure to have sufficient coverage,” he advised.
In Katy, Houston, Sugar Land, Round Rock, Fulshear, Pearland, The Woodlands, Brookshire, Pearland and other nearby cities, call Katy Texas Insurance Agency at 281-398-1010 or go to http://www.katytexasinsurance.com/contactus.html to get help with renters’ insurance needs.
ListFree.org: Embedded data.
|Contact us at :|
|Issued By:||Katy Texas Insurance|
|Street:||21430 Provincial Blvd., Katy, TX 77450|