Texas Renters Insurance Lawyers

Renters insurance is available to people who rent an apartment or house and protects against loss or damage to your personal belongings and contents in the event of a loss. Unfortunately, a landlord’s or owner’s insurance is unlikely to cover their tenant’s property in the event of a fire, water loss or theft, among other potential causes of loss. Renters insurance is usually very affordable and generally covers losses from fire and smoke, windstorm, water damage, theft and vandalism. Your renters insurance should also provide additional living expenses if you are unable to live in your home or apartment after the loss due to a covered peril.

At Smith Kendall, PLLC, we have assisted or represented policyholders with renters insurance policies for more than 15 years. Our Texas renters insurance lawyers will diligently pursue your rights under the insurance policy if your claim was delayed, underpaid or denied.

Do I need an attorney?

Insurance companies look out for their own interests, so you should have someone looking out for yours. When you file a claim, you expect the insurance company to honor the policy that you have with them. Unfortunately, they are adept at finding ways to underpay, deny, or delay your claim. Trying to stand up to an insurance company on your own is usually a costly, time-consuming, and fruitless undertaking. They have armies of attorneys working to protect their bottom line, and the less they have to pay you, the more they get to keep for themselves. The most sensible and successful approach to ensure that you receive full compensation is to enlist the help of a renters insurance attorney.

Why choose Smith Kendall, PLLC?

Based in Dallas, the team at Smith Kendall, PLLC has been helping people throughout Texas, Oklahoma, Florida, Arkansas, and Colorado with their insurance claims for more than fifteen years. Being a small firm allows us to provide more personalized service to each of their clients. Unlike most law firms, we believe every client is important enough to work with one of our founding partners. Every client we serve is assigned one of our founding partners who will be available to that client throughout the legal process.

We specialize in representing policyholders and have a wealth of experience in aggressively pursuing insurance companies on behalf of our clients. Realizing that people often come to us during difficult circumstances, we strongly believe in offering free initial consultations, and we will even meet you on site if necessary. The compassionate, competent, and seasoned attorneys at Smith Kendall, PLLC are ready to guide you in your legal battles against insurance companies and help you find peace of mind again.

Frequently Asked Questions

Most people don’t think about renters insurance until it is too late. If disaster strikes or a theft occurs that leaves you with loss or damage, you will regret not having taken the precaution of obtaining renters insurance to help replace your belongings. When considering renters insurance, you likely have many questions and may not know where to start. The renters insurance claim lawyers at Smith Kendall, PLLC know how you feel and have compiled a list of questions that many of their clients have asked, including the following:

What should I know before buying a policy?

The following are some important things to consider before purchasing a renters insurance policy:
  • Create an inventory of your belongings, and estimate their combined value so that you know how much you need in coverage.
  • Get rate quotes from several companies to compare costs.
  • Buy only from licensed insurance agencies or companies.
  • Consider the financial strength and rating of the insurance companies you are choosing from.
  • Answer questions from insurance companies truthfully to get the most accurate picture of possible coverage.

What are the types of renters insurance policies?

There are generally two types of renters insurance policies: named-peril policies and all-risk policies. For both types of insurance, there is a cap at which the policies will not cover any amount over that specified dollar amount. Similar to other types of insurance, both types of renters insurance policies use deductibles and pay you after you reach your deductible if property is lost or stolen.

  • Named-Peril Policies: Also called specific-peril policies, they cover the loss of property only from the events listed in the policy. For example, a policy may list theft, earthquakes, and tornadoes; but if a hurricane hits, you will not be covered by the policy.
  • All-Risk Policies: Also called comprehensive policies, they are more expensive than named-peril policies. They cover every kind of loss unless there is a certain event listed that they wish to exclude.

What does renters insurance cover?

There are typically three types of coverage offered by renter’s insurance:

  • Personal Property: This type of coverage offers to replace or repair personal property that is lost or stolen up to a certain dollar amount as indicated on the policy. This coverage often extends to traveling and will cover luggage and other personal items that may go missing when you are abroad. There are often limits to the amount of compensation allowed for types of personal property. These limits are dependent on the terms listed in your policy, such as $5,000 for jewelry, $500 for personal papers, and $100 for cash. You can also purchase additional coverage if your personal property is valued more than the limits laid out on in your policy.
  • Loss of Use: This type of coverage offers living expenses for a specified period of time if you have to vacate your residence. If a natural disaster strikes your home and renders it unlivable for a period of time, for example, this type of coverage provides you with money for food and rent for a specified period of time as outlined in your policy.
  • Personal Liability: This type of coverage protects you from being held liable if someone is injured in your home. People who operate businesses out of their homes find these policies especially helpful to protect themselves from claims or lawsuits filed against them in the event of an accident.

What is actual cash value vs. replacement-cost coverage?

Actual cash value is what most insurance companies use to reimburse you for lost and stolen property. They take the initial value of the item and factor in depreciation and your deductible to arrive at what the actual cash value is for your property. For instance, if you had a 10-year-old bicycle stolen, the insurance company would deduct a certain amount for depreciation over 10 years from the initial value of the bicycle. This type of policy would not give you enough money to replace the bicycle you owned.

For a higher premium, you can choose a replacement-cost policy that offers you the amount needed to replace the item. This type of policy would give you enough money to replace the bicycle you owned. Replacement-cost policies often implement caps on how much they will pay for items, and after a certain amount, they will only offer actual cash value.

Contact Us

If your renters insurance claim has been denied or underpaid, please contact the Renters Insurance Claim lawyers of Smith Kendall, PLLC at (214) 361-6124 to discuss your case. We don’t charge for the initial consultation and we represent most insurance clients on a contingency-fee basis where you don’t owe us anything unless we recover money from the insurance company through settlement or litigation.

Contact Us

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Smith Kendall, PLLC

5910 North Central Expressway #925
Dallas, TX 75206
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Phone: (214) 361-6124
Fax: (214) 361-6126

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