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Protecting What Matters Most


Renters Insurance: Essential, Low Cost Protection for Young Physicians

TMA members who rent their home can take advantage of special savings on their renters and auto insurance. When you purchase both your auto and renters insurance with TMA Insurance Trust through Travelers, the auto insurance savings could exceed the cost of the renters policy.* But is renters insurance really necessary for you?

But Do I Really Need Renters Insurance?

First, you should know that many landlords and property managers in Texas require their tenants to have renters insurance. However, you may think that you don’t really need renters insurance, but consider this: You are a responsible person; that is one of the characteristics that helped you become a physician. You want to do all you can to protect your personal property and financial interests.

But if you rent your home, can you be sure that your neighbors and others are being responsible around your property? Do you know your neighbors well? When you rent, you are to some extent banking on the hope that your neighbors and their guests are responsible - that they put careful consideration into their own and others’ safety.

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We use the phrase “banking on the hope” because, as an example, another tenant’s accident (or even a stranger’s) could cause you a major financial loss if your home is damaged by water or fire. Your landlord’s insurance only covers the physical building; it is renters insurance that can help protect you from a financial loss if your furnishings and other personal possessions are damaged, stolen, or destroyed.

Renters insurance can protect you from so much more than the loss of your furniture, clothing, and electronics. It can protect you financially if a visitor is injured in your home by covering their medical expenses, or if they pursue a lawsuit against you. Renters insurance also may provide for additional living expenses if your home is made uninhabitable by a disaster like a fire and you must temporarily relocate.

Save a Bundle by Purchasing Both Auto and Renters Insurance

Renters insurance is such a practical and affordable coverage that no tenant should be without it. When you choose to bundle your auto and renters insurance with TMA Insurance Trust through Travelers, your savings can add up. In fact, new Travelers auto policyholders saved an average of $550 on their annual premium.* Here are some of the generous discounts that Travelers offers that make these savings possible:

  • Up to 23% for safe drivers
  • Up to 13% for multiple policies
  • Up to 10% for new cars
  • Up to 8% for good students
  • Up to 5% for home ownership
  • Up to 15% for having continuous insurance
  • Up to 10% for hybrid/electric vehicles
  • Up to 8% for insuring multiple vehicles
  • Up to 7% for students away at school
  • Up to 2% for paying via Electronic Funds Transfer (EFT)

These special savings on renters and auto insurance are available for TMA members. So call TMA Insurance Trust today - and be sure to ask about other valuable products and coverage offerings that could bring you savings. For example, you can add the Responsible Driver Plan℠ that may provide accident forgiveness following a first accident or minor violation for any driver on your policy.

If you rent your home, securing renters insurance is a vital step in protecting your financial future. Purchasing both your auto and renters insurance policy with the same carrier is an even smarter choice. Call to learn more about this important protection and see how much you can save when you purchase multiple policies!

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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.


*Average savings on new auto policyholder savings reported to Travelers through the Affinity marketing distribution channel in 2016. Individual savings may vary. Savings are not guaranteed.
Insurance is underwritten by The Travelers Indemnity Company or one of its property casualty affiliates, One Tower Square, Hartford, CT 06183. In CA: Insurance is underwritten by Travelers Commercial Insurance Company, One Tower Square, Hartford, CT 06183, Certificate of Authority #6519, or Travelers Property Casualty Insurance Company, One Tower Square, Hartford, CT 06183, Certificate of Authority #6521. In CA: Boat insurance is underwritten by The Standard Fire Insurance Company, One Tower Square, Hartford, CT 06183, Certificate of Authority #0335-0, State of Domicile: Connecticut. In FL: Homeowners insurance is not currently offered for new business. In TX: Auto insurance is offered by Travelers Texas MGA, Inc. and underwritten by Consumers County Mutual Insurance Company (CCM). CCM is not a Travelers company. Coverages, discounts, special program rates or savings, billing options, and other features are subject to availability and individual eligibility. Not all features available in all areas. © 2017 The Travelers Indemnity Company. All rights reserved. Travelers and the Travelers Umbrella logo are registered trademarks of The Travelers Indemnity Company in the U.S. and other countries.


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