--- title: "Renters Insurance: Essential, Low Cost Protection for Young Physicians" description: When you bundle your auto and renters insurance with TMA Insurance Trust through Travelers, you could save big. But is renters insurance really necessary? image: https://www.tmait.org/hubfs/January%202018/January_2018_Week_3.png --- - [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/January%202018/January_2018_Week_3.png) [Auto Insurance](https://www.tmait.org/blog/topic/auto-insurance) # Renters Insurance: Essential, Low Cost Protection for Young Physicians 20 January 2018 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. [![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)   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! [![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.   *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.   ** [ Auto Insurance ](https://www.tmait.org/blog/topic/auto-insurance) ** [Renters Insurance](https://www.tmait.org/blog/topic/renters-insurance) [**Previous Entries](https://www.tmait.org/blog/business-operating-expenses-are-up-that-means-your-risk-is-too-boe) [Next Entries**](https://www.tmait.org/blog/a-plan-to-combat-physician-turnover-in-your-medical-practice-ltd) ## Recommended Posts ### [Resolve to Save More on Auto and Home Insurance](https://www.tmait.org/blog/resolve-to-save-more-on-auto-and-home-insurance) ### [Winterize Your Coverage: Review Your Auto and Home Insurance](https://www.tmait.org/blog/winterize-your-coverage-review-your-auto-and-home-insurance) ### [New Year, New Savings: Lower Your Auto & Home Insurance Costs](https://www.tmait.org/blog/new-year-new-savings-lower-your-auto-home-insurance-costs) ### [Enjoy Summer Savings on Your Auto Insurance](https://www.tmait.org/blog/enjoy-summer-savings-on-your-auto-insurance) ### [Navigating Storms: Secure Savings on Your Home and Auto Insurance](https://www.tmait.org/blog/navigating-storms-secure-savings-on-your-home-and-auto-insurance) ### [New Year, New Savings - Review your Auto and Home Insurance](https://www.tmait.org/blog/new-year-new-savings-review-your-auto-and-home-insurance) ### [Are You Spending More than You Need to for Auto and Home Insurance?](https://www.tmait.org/blog/are-you-spending-more-than-you-need-to-for-auto-and-home-insurance) ### [Start the New Year Right With Home and Auto Insurance Savings](https://www.tmait.org/blog/start-the-new-year-right-with-home-and-auto-insurance-savings) ### [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) ### [Can You Afford to Be Without Renters Insurance?](https://www.tmait.org/blog/can-you-afford-to-be-without-renters-insurance) ### [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 - [Practice Owners (218)](https://www.tmait.org/blog/topic/practice-owners) - [Women Physicians (182)](https://www.tmait.org/blog/topic/women-physicians) - [Independent Physician (175)](https://www.tmait.org/blog/topic/independent-physician) - [Young Physicians (163)](https://www.tmait.org/blog/topic/young-physicians) - [Insurance for Women (162)](https://www.tmait.org/blog/topic/insurance-for-women) - [Employed Physicians (155)](https://www.tmait.org/blog/topic/employed-physicians) - [Locum Tenens (136)](https://www.tmait.org/blog/topic/locum-tenens) - [Residents (134)](https://www.tmait.org/blog/topic/residents) - [Disability Insurance (128)](https://www.tmait.org/blog/topic/disability-insurance) - [Health Insurance (127)](https://www.tmait.org/blog/topic/health-insurance) - [Practice Managers (94)](https://www.tmait.org/blog/topic/practice-managers) - [Life Insurance (86)](https://www.tmait.org/blog/topic/life-insurance) - [Independent Contractor (84)](https://www.tmait.org/blog/topic/independent-contractor) - [Open Enrollment (73)](https://www.tmait.org/blog/topic/open-enrollment) - [Group Benefits (65)](https://www.tmait.org/blog/topic/group-benefits) - [Group Coverage (61)](https://www.tmait.org/blog/topic/group-coverage) - [Retired Physicians (59)](https://www.tmait.org/blog/topic/retired-physicians) - [Individual Coverage (58)](https://www.tmait.org/blog/topic/individual-coverage) - [Nearing Retirement (57)](https://www.tmait.org/blog/topic/nearing-retirement) - [Family (52)](https://www.tmait.org/blog/topic/family) - [Medicare (43)](https://www.tmait.org/blog/topic/medicare) - [Medical Practice (39)](https://www.tmait.org/blog/topic/medical-practice) - [Business Overhead Expense Insurance (35)](https://www.tmait.org/blog/topic/business-overhead-expense-insurance) - [Practice Management (35)](https://www.tmait.org/blog/topic/practice-management) - [Critical Illness Insurance (33)](https://www.tmait.org/blog/topic/critical-illness-insurance) - [Medicare Part D (31)](https://www.tmait.org/blog/topic/medicare-part-d) - [Dental Insurance (30)](https://www.tmait.org/blog/topic/dental-insurance) - [Medicare Supplement (29)](https://www.tmait.org/blog/topic/medicare-supplement) - [Life Events (28)](https://www.tmait.org/blog/topic/life-events) - [Insurance For Good (26)](https://www.tmait.org/blog/topic/insurance-for-good) - [Business of Medicine (25)](https://www.tmait.org/blog/topic/business-of-medicine) - [Auto Insurance (21)](https://www.tmait.org/blog/topic/auto-insurance) - [Accident Insurance (20)](https://www.tmait.org/blog/topic/accident-insurance) - [Homeowners Insurance (19)](https://www.tmait.org/blog/topic/homeowners-insurance) - [Retirement (15)](https://www.tmait.org/blog/topic/retirement) - [Short Term Disability (15)](https://www.tmait.org/blog/topic/short-term-disability) - [Young Physicans (15)](https://www.tmait.org/blog/topic/young-physicans) - [Medical Insurance (12)](https://www.tmait.org/blog/topic/medical-insurance) - [Featured (11)](https://www.tmait.org/blog/topic/featured) - [Medigap (11)](https://www.tmait.org/blog/topic/medigap) - [Accidental Death and Dismemberment (10)](https://www.tmait.org/blog/topic/accidental-death-and-dismemberment) - [HSA (10)](https://www.tmait.org/blog/topic/hsa) - [Personal Umbrella Insurance (10)](https://www.tmait.org/blog/topic/personal-umbrella-insurance) - [Insurance Review (9)](https://www.tmait.org/blog/topic/insurance-review) - [Renters Insurance (9)](https://www.tmait.org/blog/topic/renters-insurance) - [Term Life Insurance (9)](https://www.tmait.org/blog/topic/term-life-insurance) - [Auto & Home Insurance (8)](https://www.tmait.org/blog/topic/auto-home-insurance) - [Supplemental Hospital Indemnity Insurance (6)](https://www.tmait.org/blog/topic/supplemental-hospital-indemnity-insurance) - [Travel Insurance (6)](https://www.tmait.org/blog/topic/travel-insurance) - [Comparing Insurance Providers (3)](https://www.tmait.org/blog/topic/comparing-insurance-providers) - [Pet Insurance (3)](https://www.tmait.org/blog/topic/pet-insurance) - [Short-Term Medical Insurance (3)](https://www.tmait.org/blog/topic/short-term-medical-insurance) - [Medevac Insurance (2)](https://www.tmait.org/blog/topic/medevac-insurance) - [Office Overhead Expense Insurance (2)](https://www.tmait.org/blog/topic/office-overhead-expense-insurance) - [Vision Insurance (2)](https://www.tmait.org/blog/topic/vision-insurance) - [COVID-19 FAQs (1)](https://www.tmait.org/blog/topic/covid-19-faqs) - [Financial Advice (1)](https://www.tmait.org/blog/topic/financial-advice) - [Key Person Insurance (1)](https://www.tmait.org/blog/topic/key-person-insurance) - [Prescription Drug Coverage (1)](https://www.tmait.org/blog/topic/prescription-drug-coverage) [See all](https://www.tmait.org/blog/renters-insurance-essential-low-cost-protection-for-young-physicians#) ### Newsletter signup to receive our monthly newsletter [* * Request a Quote](https://www.tmait.org/blog/renters-insurance-essential-low-cost-protection-for-young-physicians#bott-scroll) ![border](https://www.tmait.org/hs-fs/hubfs/TMA%20Insurance%20March%202019/Image/border.png?width=1200&name=border.png "border") ### Quick Links - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Home](https://www.tmait.org/) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Testimonials](https://www.tmait.org/testimonials) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [About](https://www.tmait.org/about) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Privacy Policy](https://www.tmait.org/privacy-policy) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Contact](https://www.tmait.org/contact) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Resources](https://www.tmait.org/resources) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Our Blog](https://www.tmait.org/blog) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Self-Service Portal](https://tmait.aebsys.com/#/) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Insurance For Good](https://www.tmait.org/blog/insurance-for-good) - ![](https://www.tmait.org/hubfs/TMA%20Insurance%20March%202019/Image/double-arrow.png) [Anticipate Joy](https://www.tmait.org/anticipate-joy) ### Connect With Us - [* *](https://www.facebook.com/TMAInsuranceTrust) - [* *](https://twitter.com/TMAIT) - [* *](https://www.youtube.com/user/TMAInsuranceTrust) We were created and are exclusively endorsed by the [Texas Medical Association](https://www.texmed.org/) © 2026 TEXAS MEDICAL ASSOCIATION INSURANCE TRUST © 2026 TEXAS MEDICAL ASSOCIATION INSURANCE TRUST ![](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/956622860/?value=0&guid=ON&script=0) ![](https://analytics.twitter.com/i/adsct?txn_id=l5yi3&p_id=Twitter&tw_sale_amount=0&tw_order_quantity=0) ![](https://t.co/i/adsct?txn_id=l5yi3&p_id=Twitter&tw_sale_amount=0&tw_order_quantity=0) ![](https://analytics.twitter.com/i/adsct?txn_id=nukif&p_id=Twitter&tw_sale_amount=0&tw_order_quantity=0) ![](https://t.co/i/adsct?txn_id=nukif&p_id=Twitter&tw_sale_amount=0&tw_order_quantity=0)