Renters Insurance Myths—Busted!

What Austin Renters Really Need to Know

If you’re renting in Austin or anywhere across Central Texas, you may have heard one of these classic renters insurance myths:
👉 “My landlord’s insurance covers my stuff.”
👉 “I don’t own enough to need insurance.”
👉 “It’s way too expensive.”

Sound familiar? You’re not alone—but here’s the truth: renters insurance is one of the most affordable and underrated ways to protect yourself (and your stuff!) from unexpected disasters. Let’s bust a few of these myths wide open:

Myth #1: “My landlord’s policy has me covered.”

Reality: Your landlord’s insurance protects the building, not your belongings. If your apartment is damaged by fire, a burst pipe, or even a break-in, you’ll be on the hook for replacing your personal items—unless you have renters insurance.

Myth #2: “I don’t own enough to make it worth it.”

Reality: Start adding it up—clothes, electronics, furniture, kitchen gadgets. Most renters own thousands of dollars in belongings, even if it doesn’t feel like it. A single event like a fire or theft could wipe out your valuables.

Myth #3: “Renters insurance is too expensive.”

Reality: Not even close. Most renters insurance policies cost less than a couple of tacos a month in Austin—seriously. For around $15/month, you get coverage for personal property, liability protection, and even help with temporary housing if your place becomes unlivable.

Bottom line?

Renters insurance is budget-friendly peace of mind. It’s easy to get, surprisingly affordable, and a smart move for anyone leasing a place in Central Texas.

At Dowd Insurance Agency, we make it easy to compare options and find a policy that fits your needs—and your rent budget. Let’s make sure your stuff (and your peace of mind) is protected. Contact us today!