--- title: Can You Afford to Be Without Renters Insurance? description: "Whether you’re looking to cut expenses or save up for your dream home, there is one thing you should not be without: practical, affordable renters insurance." image: https://www.tmait.org/hubfs/August%202017/Renters_Insurance.jpg --- - [800-880-8181](tel:800-880-8181) - [CONTACT US](https://www.tmait.org/contact) - [SELF-SERVICE PORTAL](https://tmait.aebsys.com/#/) [![](https://www.tmait.org/hs-fs/hubfs/TMA%20Insurance%20March%202019/Image/logo.png?width=197&name=logo.png)](https://www.tmait.org/) Topics All Accident Insurance Accidental Death and Dismemberment Auto & Home Insurance Auto Insurance Business of Medicine Business Overhead Expense Insurance Comparing Insurance Providers COVID-19 FAQs Critical Illness Insurance Dental Insurance Disability Insurance Employed Physicians Family Featured Financial Advice Group Benefits Group Coverage Health Insurance Homeowners Insurance HSA Independent Contractor Independent Physician Individual Coverage Insurance For Good Insurance for Women Insurance Review Key Person Insurance Life Events Life Insurance Locum Tenens Medevac Insurance Medical Insurance Medical Practice Medicare Medicare Part D Medicare Supplement Medigap Nearing Retirement Office Overhead Expense Insurance Open Enrollment Personal Umbrella Insurance Pet Insurance Practice Management Practice Managers Practice Owners Prescription Drug Coverage Renters Insurance Residents Retired Physicians Retirement Short Term Disability Short-Term Medical Insurance Supplemental Hospital Indemnity Insurance Term Life Insurance Travel Insurance Vision Insurance Women Physicians Young Physicans Young Physicians ![](https://www.tmait.org/hubfs/August%202017/Renters_Insurance.jpg) [Renters Insurance](https://www.tmait.org/blog/topic/renters-insurance) # Can You Afford to Be Without Renters Insurance? 29 July 2017 Homeownership has often been called the American dream - but for some physicians, owning a home is not yet a practical choice. Perhaps you are quite early in your career and you aren’t ready to put down roots, or maybe you want to pay down medical school debt before buying a house. For many reasons, renting a house or apartment may be a more suitable option. Whether you’re looking to cut expenses or save up for your dream home, there is one thing you should not be without: practical, affordable renters insurance. ## No Renters Insurance Means Limited Options If you are looking for a home to rent and you don’t have renters insurance, you may have limited options, since the largest property management companies in Texas and many independent landlords require their tenants to obtain a renters insurance policy before signing a lease. Why is renters insurance often required? Responsible managers and landlords know the value of renters insurance. In urban areas, many apartment buildings can house up to 50 residents or more; and in the event of a catastrophic loss, renters insurance provides needed benefits to tenants like reimbursement for temporary housing. Also protected with renters insurance: the tenants’ [personal property](https://www.tmait.org/blog/five-myths-about-renters-insurance), which may be damaged or destroyed in a catastrophic loss. A renters insurance policy also provides liability and medical cost coverage for your guests that may be injured on the property. [![Have questions about your insurance needs? We're here to help - click here or call today](https://no-cache.hubspot.com/cta/default/400074/45051f8c-a2b6-476e-b3ad-0de6a3c27f4f.png)](https://cta-redirect.hubspot.com/cta/redirect/400074/45051f8c-a2b6-476e-b3ad-0de6a3c27f4f)[***877-755-9576***](tel:877-755-9576) ## Determine the Value of Renters Insurance Renters insurance makes financial sense. The true value of renters insurance can be determined by comparing the cost of a typical policy vs. the amount of potential loss. By some estimates, a renter may own personal belongings valued as high as $30,000. In the state of Texas, the average monthly cost of a renters insurance policy is less than $25 per month. This means that for less than the cost of a pack of chewing gum daily, you can protect your personal belongings, protect yourself against liability, and ensure that you will have a place to live if your home is uninhabitable. As a tenant, you may be inclined to take a risk; counting on the chance that misfortune will not strike – *but why do so when it costs so little for so much protection?* At TMA Insurance Trust, we’re looking out for your best interests and want to see you stay protected so you remain successful for many years to come – and we want you to enjoy the security that renters insurance can bring. TMA Insurance Trust now offers members access to multiple quotes for renters insurance from the country’s leading insurance carriers. We know you don’t have time to conduct the research and comparison shop, so our new service will do it for you – easily and conveniently. You will have access to advisors who will help you make the best decision for your personal situation. [Click here](https://www.mylifeprotected.com/renters-insurance?MDRefCode=tmait-mlp-web) or call [877-755-9576](tel:877-755-9576) to reach out and get the protection you deserve. [![New Call-to-action](https://no-cache.hubspot.com/cta/default/400074/71fe0d06-4741-429e-b115-be1b773a008c.png)](https://cta-redirect.hubspot.com/cta/redirect/400074/71fe0d06-4741-429e-b115-be1b773a008c) For over 60 years, TMA Insurance Trust advisors have been serving Texas physicians, their families and staff. TMA Insurance Trust prides itself on offering unbiased information and strategies to members, along with exclusive group rates on a range of the highest-rated plans in the industry. ** [ Renters Insurance ](https://www.tmait.org/blog/topic/renters-insurance) ** [**Previous Entries](https://www.tmait.org/blog/summer-tips-to-save-on-homeowners-insurance-in-texas) [Next Entries**](https://www.tmait.org/blog/have-you-counted-the-hidden-costs-of-disability-ltd) ## Recommended Posts ### [How Renters Insurance Provides Essential Protection](https://www.tmait.org/blog/how-renters-insurance-provides-essential-protection) ### [Five Myths About Renters Insurance](https://www.tmait.org/blog/five-myths-about-renters-insurance) ### [Add Renters Insurance to Your Apartment-Hunting Checklist](https://www.tmait.org/blog/add-renters-insurance-to-your-apartment-hunting-checklist) ### [Looking for a Rental this Year? 3 Tips You Need to Know](https://www.tmait.org/blog/looking-for-a-rental-this-year-3-tips-you-need-to-know) ### [Renters Insurance: Essential, Low Cost Protection for Young Physicians](https://www.tmait.org/blog/renters-insurance-essential-low-cost-protection-for-young-physicians) ### [Renters Insurance: A Smart Move for College Parents](https://www.tmait.org/blog/renters-insurance-a-smart-move-for-college-parents) ### [A Behind the Scenes Look at TMA’s New Insurance Programs](https://www.tmait.org/blog/a-behind-the-scenes-look-at-tmas-new-insurance-programs) ### Latest Post ![A New Alternative for Group Health Insurance](https://www.tmait.org/hubfs/July%202026/July%202026%20Week%201%20-%20Group%20Health.png) ### [A New Alternative for Group Health Insurance](https://www.tmait.org/blog/a-new-alternative-for-group-health-insurance-group-benefits) Jul. 04 2026 ![Why Going It Alone on Group Health Coverage Costs Your Practice](https://www.tmait.org/hubfs/June%202026/June%202026%20Week%204%20-%20Group%20Health.png) ### [Why Going It Alone on Group Health Coverage Costs Your Practice](https://www.tmait.org/blog/why-going-it-alone-on-group-health-coverage-costs-your-practice-group-benefits) Jun. 27 2026 ![Dental Insurance and the Habits It Helps Shape](https://www.tmait.org/hubfs/June%202026/June%202026%20Week%203%20-%20Dental.png) ### [Dental Insurance and the Habits It Helps Shape](https://www.tmait.org/blog/dental-insurance-and-the-habits-it-helps-shape) Jun. 20 2026 ![Unexpected Doesn't Have to Mean Unprepared This Summer](https://www.tmait.org/hubfs/June%202026/June%202026%20Week%202%20-%20Accident.png) ### [Unexpected Doesn't Have to Mean Unprepared This Summer](https://www.tmait.org/blog/unexpected-doesnt-have-to-mean-unprepared-this-summer) Jun. 13 2026 ### POPULAR TOPICS - 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