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"We're seeing the rates go up significantly," said Rick Dinger, president of Crescenta Valley Insurance, an independent brokerage in Glendale, who calls the current business environment "the new ...
Renters' insurance, often called tenants' insurance, is an insurance policy that provides some of the benefits of homeowners' insurance, but does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure.
Texas law only allows cities to permit local rent control ordinances in certain cases. The city must determine that there is a housing emergency and a state of disaster must be declared.
Globally, most firms offer this protection through regulated insurance companies, to ensure that the provider can make good on promises of payment. Normally, 'Landlord Rent Guarantee Insurance' is combined with 'Legal Assistance Insurance' whereby a landlord's legal costs of recovering rent and/or evicting a non-paying tenant are covered.
The remaining 21.3% of home insurance policies were covered by renter's or condominium insurance. 14.8% of these had the HO-4 Contents Broad form, also known as renters' insurance, which covers the contents of an apartment not specifically covered in the blanket policy written for the complex. [13]
Property taxes make up about 20% of every rent dollar paid by Texas tenants, according to figures provided by the Texas Apartment Association — though that percentage can be higher in the state ...
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