Insurance Coverage For Tenants

by Administrator 18. March 2021 06:35

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The Basics Of Renters Insurance

by Administrator 29. February 2020 09:21

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Understanding The Importance Of Different Insurance Coverages

by Administrator 18. September 2019 06:51

Insurance coverage refers to the amount of liability or risk covered by insurance services. There are a variety of insurance coverage for different types of protection from sudden and unforeseen eventualities. Examples of insurance coverage include homeowners insurance, motorcycle insurance, auto insurance and others.

Each type of insurance coverage is important in its own unique way based on the amount and kind of coverage provided. The following is a list of different types of insurance coverage and their importance:

  • Auto Insurance: This is an insurance that is required by the law of most states for bodily injury and property damage liability, personal injury protection, covering the cost of a car in case of collision, comprehensive coverage and protection from uninsured or underinsured motorists.
  • Homeowners Insurance: This insurance coverage is important for those who want to protect themselves against the cost of damage caused to building of their home and its attached structures. It also provides protection against financial losses caused by theft, additional living expenses, personal liability, medical payments coverage, etc.
  • Renters Insurance: It is a form of insurance that covers the losses to personal property and liability claims in a rented apartment or home. A renters insurance covers the contents of your rented dwelling against perils such as fire and lightning, accidents, thefts, vandalism, riots, and windstorms. It also provides liability coverage if someone is injured in your rented home and files a lawsuit against you.
  • RV Insurance: Owners of recreational vehicles require a comprehensive RV insurance coverage to be financially protected from the cost of treating injuries and repairing damages in case of an accident. Insurance coverages are offered for recreational vehicles including motor homes (classes A, B and C), motor coaches, camper vans and travel trainers. Coverage options include Bodily Injury & Property Damage Liability, Uninsured/Underinsured Motorists, Medical Payments, Roadside Assistance, etc.
  • Motorcycle Insurance: A motorcycle insurance provides financial protection in case of an accident or theft of your motorcycle. Factors including past driving record, credit history, driver’s place of residence, age, etc. determine the type of motorcycle insurance plan. Coverage options offered are Bodily Injury & Property Damage Liability, Comprehensive and Collision, Custom Parts and Equipment, etc.
  • Boat Insurance: A boat insurance covers you for loss, damage, theft or injury risks to your watercraft and its occupants. Insurance plans include options such as Roadside Assistance, On-Water Towing, Total Loss Replacement, and more. Specific coverage plans are also available like personal watercraft insurance, jet boat insurance, sailboat insurance, fishing boat insurance or house boat insurance.

Shawn Camp Insurance Agency, Inc. offers a wide range of insurance plans including home insurance, motorcycle insurance, auto insurance, RV insurance and boat insurance. For further details on understanding the importance of different insurance coverages, visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, TX – 76542. You can also call at: (254) 526 – 0535.

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Differences Between Homeowners And Renters Insurance

by Administrator 22. August 2019 12:13

Whether you are renting or have purchased a home, it is necessary to have an insurance coverage in both the scenarios. Both homeowners and renters insurance provide financial protection against any kind of property damage, legal liabilities, medical payments and other costs.

However, there are some basic differences between homeowners and renters insurance:

  • Coverage: The main point differentiating a homeowners and renters insurance is that the coverage plan for a homeowners insurance covers the house in which the owner lives and any other building structure like a garage or a storage shed attached to it.  Whereas, a renters insurance does not cover the building. It provides coverage to the belongings of a tenant in a rental property.
  • Cost: A homeowners insurance is understandably costly as it provides coverage for the entire structure of a house and the belongings therein. Renters insurance is more affordable as it covers belongings except dwelling coverage. The covered perils in both these insurance plans can also differ which in turns affects the cost of coverage.
  • Coverage For Personal Property: For a renters insurance, personal property coverage is the most important as it is the main feature and a factor in determining the cost of the insurance. A standard homeowners insurance plan also provides coverage for personal property, but it is not the main driving feature.
  • Buying An Insurance Plan: Both the property owners and the tenant should have extensive knowledge about the value of their possessions to ensure that the insurance provides enough coverage. For homeowners insurance, the dwelling coverage should be set at or above the replacement cost of the home. A homeowner can buy additional insurance to cover the replacement value of his belongings in the home. Personal property coverage for renters insurance should be sufficient to cover the value of their possessions. In case of damage caused by a covered peril, the insurance will reimburse the replacement cost of the possessions that have been damaged.


Shawn Camp Insurance Agency, Inc. provides homeowners and renters insurance to its clients. The agency also offers a variety of other insurance plans. To know more about difference between homeowners and renters insurance, visit 2705 E. Stan Schlueter Loop, Suite 101, Killeen, TX – 76542. You can also call at (254) 526 – 0535.

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Renters Insurance: What To Know

by Administrator 27. April 2018 12:11

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Renters Insurance: Myths And Facts

by Administrator 23. June 2017 09:53

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Reasons To Get Renter's Insurance In Killeen, TX

by Administrator 5. January 2015 14:33

Homeowners often understand the importance of insuring their property, as it is a very valuable investment. However, renters often compromise on the renters insurance as they do not understand the benefits of the insurance or they consider the money invested in insurance as wastage.

The biggest reason to get renter’s insurance is that it covers renter’s content and liability, which protects you in events of accidents, environmental damages and theft. Renter’s content insurance covers the estimated replacement value of items that are damaged by fire, lost, or stolen, whereas, the renter’s liability insurance protects the renter from paying for an accident that leads to loss or damage to the property or an individual.

Other benefits of renter’s insurance include:

  • Protection From Fire: The renter’s insurance offers you protection from fire. They pay for the replacement of items that are gutted in fire and even pay for the food and accommodation while the house is repaired or treated for smoke damages.
  • Protection From Theft: By getting renter’s content insurance coverage, you can insure your personal, expensive items against theft. This offers you peace of mind that your contents are protected and safe and in case of theft, you will get their estimated value.
  • Protection From Damages That You Cause: The renter’s insurance also offers protection from damages that you cause to the neighbors property. Your insurance company will pay for fire or any other incident in your rental that causes damage to your neighbor’s rental if you have renter’s liability insurance. By paying a little extra, you can have added protection as the renter’s liability insurance also covers any damages that you may unintentionally cause.
  • Protection From Visitor’s Injures: Having renter’s insurance protects you if any worker or guest is injured in your rental premises. If your dog bites your neighbor or a visitor and he sues you, you are covered for the medical bills that he incurs and legal bills for any lawsuits that you may have to face.

To get the best renter’s insurance, you can discuss your requirements with your insurance provider. By having the best-suited plan, you can save yourself from potential financial disasters that may affect your life. The insurance offers peace of mind and you can rest assured that the insurance provider will cover all damages.

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Checklist For Renters Insurance In Killeen, TX

by Administrator 5. December 2014 10:31

It is very important for tenants to apply and obtain renters insurance as it provides coverage for personal possessions, liability protection and additional living expenses of the renter.  Renters insurance is an important financial protection for the tenant and his belongings in case of the crisis, theft or a natural calamity.

Some of the things that should be kept in mind while choosing a renters insurance are given below:

Regarding coverage for personal possessions

  • Determining the value of insurance: A list of the renter’s possessions and their estimates value would help in determining the value of insurance that needs to be bought.
  • Replacement cost vs  Actual cash value coverage: Replacement cost policy pays for the replacement of the lodger’s belongings. The actual cash value coverage takes depreciation into account as well. The replacement policy is usually 10% higher than the actual cost policy.
  • Scope of renters insurance: Floods and earthquakes are the only disasters that are not covered under renters insurance. The tenants have the option of getting a separate policy or have it validated to the renters policy.
  • Concept of deductibles: Deductibles are amount paid before the insurance kicks in. The monthly premiums of varying amounts are available depending upon the individual’s convenience.
  • Addition of floater: As most policies provide protection only to a certain limit it becomes imperative that a floater is added to the policy for providing adequate protection to the valuables.

Regarding Liability protection

  • Against legal suits: Renters Insurance provides protection in case of a legal action against the tenant or his family member for injury or damage to the property. It will cover cost of fighting the legal battle and medical bills are also covered in the renters insurance.
  • Umbrella liability: It kicks in when the underlying liability is exhausted.  It is usually chosen when extra protection is needed and even covers defamation although certain conditions need to be fulfilled before the policy is activated.
  • Additional Living Expenses: Under this provision the policy provides an additional living expense in case the renter’s home is destroyed forcing him to stay somewhere else.

Other coverage

It does not cover for off premises damage.


  • The renter can get discount in case there is another policy with the insurance agency. The presence of security system, smoke detectors etc. entitles the tenant to additional discounts.
  • With the insurance companies offering various discounts, having a renters insurance is a sound decision that a tenant should make.

We, at Shawn Camp Insurance Agency, Inc, help you choose the most suitable renter’s insurance policiy. For more information, call at (254) 526-0535 or visit us at 2705 E. Stan Schlueter Loop, Suite 101 Killeen, Texas 76542.

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