What house insurance?

[BP]

Might be stupid question but why you need insurance if youre a renter? Wouldnt that be the owner of the property? Their responsibility.

The property owner insures the building and has general liability for the outside grounds. Renter insurance covers your belongings and provides liability insurance for your area.

Just hypothetically say you leave a pot on the stove and it catches fire, completely your fault. The unit catches on fire and burns the one above and next to you. Your renter insurance provides coverage for damage done to others through your neglect. The property owner would be covered for structural damage but you'd be liable for any lost revenue plus damage to the neighbors personal items. Or say your dog attacks someone or you have an accidental discharge of a firearm, again renter insurance would come into play.

For $200 a year I have $300k in liability insurance plus stated coverage of $20k worth of personal items. To me it's worth it.

[Gasser64]

All the way.

My renter's and car insurance for the year is like $500.

Might be stupid question but why you need insurance if youre a renter? Wouldnt that be the owner of the property? Their responsibility.

[8mpg]

Im with Liberty Mutual for the house... State Farm for the cars.

[Pokulski-Blatz]

I have Farm Bureau and my home owner's insurance is 700 a year.

Dang, that isn't bad at all.

All the way.

My renter's and car insurance for the year is like $500.

Fuck. My car insurance for the wife's car and my truck is something like a grand over that for the year. Maybe cause full coverage and newish cars?

[Stng5Pnt8]

Don't forget to give an authorized advertiser an opportunity to earn your business. You might be surprised, I know I was.

Allstate Insurance
Dominguez Agency
1101 E. Bardin Rd. suite 141
Arlington, TX. 76018
817-405-2011
tdominguez@allstate.com
Give us a call so we can take a look at your insurance needs, we may be able to save you $$!!

Thanks Hector!

[DFWtechie]

I use Nationwide for everything homeonwers, auto and rv. We had ot have the roof replaced a few yrs ago and it was painless. They did not give us a fight at all and we upgraded to Class 4 hail resistant and our rates dropped about 25% the next yr.

[YALE]

That explains a lot. No way out of that i assume? I will check up on Frosts company

You don't want a plan that makes you rich when bad things happen. You want a plan that makes you whole.

[Gasser64]

It will be insured for what it would cost to rebuild should it get destroyed. What it's worth for tax purposes or anything else doesn't matter.

That explains a lot. No way out of that i assume? I will check up on Frosts company

[Forever_frost]

Yeah it is.
Frost,
What coverages do you have?
Full replacement cost for house and contents?
Is that a Vet rate or something?

Sorry about the delay, at a conference in Corpus Christi.

Construction: BRICK VENEER
Coverage InformationRight Arrow

Coverage
What is this?
MAIN DWELLING (COV A) EACH OCC $114,800.00
PERSONAL PROPERTY (COV B) EACH OCC $68,900.00
PERSONAL PROPERTY OFF PREMISES EACH OCC $6,890.00
GENERAL AGGREGATE LIMIT EACH OCC $600,000.00
PERSONAL LIABILITY (EACH OCCURRENCE) EACH OCC $300,000.00
MED PAY TO OTHERS (COV D) EACH OCC $5,000.00
CHEMICAL DRIFT LIAB (COV E) EACH OCC $25,000.00
RECREATIONAL LAND USE LIABILITY RECEIPTS
BODILY INJURY EACH PER $500,000.00
EACH OCC $1,000,000.00
PROPERTY DAMAGE EACH OCC $100,000.00
LOSS OF USE EACH OCC $11,480.00
DEDUCTIBLE 1 (WINDSTORM,HURRICANE,HAIL) EACH OCC 1 %
DEDUCTIBLE 2 (ALL OTHER PERILS) EACH OCC 1 %
Section III Coverage
None.
Section IV Coverage
None.

Endorsements
What is this?
TAA-405 RESIDENCE GLASS COVERAGE - UNSCHEDULED
TAA-800 TIME LIMITATIONS ENDORSEMENT
TAA-904 REPLACEMENT OF PERSONAL PROPERTY
TAA-925 IDENTITY THEFT EXPENSES
Section III Endorsements
None.
Section IV Endorsements
None.

Discounts
What discounts are available?
COMPANION POLICY 10 %
CLAIMS FREE 5 %
CENTRAL ALARM 15 %
METAL ROOF DISCOUNT 20 %
Section III Discounts
None.

[BlackGT]

It will be insured for what it would cost to rebuild should it get destroyed. What it's worth for tax purposes or anything else doesn't matter.

Mine is insured for $200k but having just been built that's a fair estimate on what it would cost to replace it...

[Gasser64]

Just to be clear, mortgage insurance has nothing to do with your homeowner's (hazard) insurance.

I just went ahead and mentioned it, in case it was relevant in a way that I'm not aware of.

As for insurance i feel i left out a key detail. We paid $122k for the house, appraisal value was $153k. So imo, you should only have to insure what your loan was for right? Hell why bother to insure it for more? That would just raise your payments for no reason. My old insurance (before they dropped me) covered $253k. That's over 100k more than the house is even worth!

[hxbernal]

Sweet who is it, my renewal is up and I need some quotes as mine went up 400 a year.

Stng5Pnt8 aka Tony Dominguez

Allstate Insurance
Dominguez Agency
1101 E. Bardin Rd. suite 141
Arlington, TX. 76018
817-405-2011
tdominguez@allstate.com

[snacksnack]

Don't forget to give an authorized advertiser an opportunity to earn your business. You might be surprised, I know I was.

Allstate Insurance
Dominguez Agency
1101 E. Bardin Rd. suite 141
Arlington, TX. 76018
817-405-2011
tdominguez@allstate.com
Give us a call so we can take a look at your insurance needs, we may be able to save you $$!!

Sweet who is it, my renewal is up and I need some quotes as mine went up 400 a year.

[hxbernal]

Don't forget to give an authorized advertiser an opportunity to earn your business. You might be surprised, I know I was.

Allstate Insurance
Dominguez Agency
1101 E. Bardin Rd. suite 141
Arlington, TX. 76018
817-405-2011
tdominguez@allstate.com
Give us a call so we can take a look at your insurance needs, we may be able to save you $$!!

[BlackGT]

holy shit thats cheap.

Yeah it is.
Frost,
What coverages do you have?
Full replacement cost for house and contents?
Is that a Vet rate or something?