Whether you are fresh out of college, ready to take on the world or a couple of newlyweds looking to increase your savings before purchasing your own home – being a renter comes with s particular set of risks and responsibilities.

Have you ever considered what would happen if someone broke into your home? Do you have the excess funds to replace your brand new HD-TV or some extra spending money to put towards that Blu-Ray DVD collection you began? What if a friend of yours has an unfortunate accident—slips and falls on your wet tile floors? Can you afford to take care of their medical bills?

What many don’t realize is that you too require specialized coverage—and that extra degree of security can be found within a Texas renters insurance policy.

The fundamental misunderstanding, that most renters fall victim to, is the belief that they don’t need renters coverage. Many think that because their landlord has insurance coverage, that they are covered too—wrong. Your landlord’s policy only protects them—their property and their liability—it will not protect your responsibility nor will it protect your personal belongings.

Think you know enough about Texas renters insurance? Test your knowledge with these common renters insurance myths:

• I don't need personal liability insurance.

Actually you do—or at the very least you should consider the benefits this coverage can offer. Remember that your landlord's insurance most likely does not include liability for something that happens in your actual rented residence—you could be held responsible for injury to another person or damage to another person's property if an incident occurred. Renters insurance may also provide legal defense costs, in the event that a significant was to occur.

• I don’t own enough valuables for renters insurance to be worth it.

What do you consider enough? $1000 worth of personal assets? $3000? What about $5000 worth of your very own possessions? Oftentimes your belongings are worth way more than you think—precisely why a renters insurance policy comes in handy.

Interested in learning more? Explore our Virtual Insurance Office to discover all of the Texas renters insurance options we can offer!