817-485-5050 info@schwabagency.com

Finding roommates to help lower the cost of your rent can be both emotionally and financially satisfying. But, did you know roommates might increase the cost of your insurance premium? That’s right! With added roommates, comes added liability. Insurance companies view this as a negative. However, if you omit the fact that you have a roommate, you put yourself at risk for having your policy canceled. So, the best advice is to be honest with your insurance carrier, but also be smart. Here are some things you might not know about insurance and roommates:

  • If your belongings get stolen after your roommate relocates, your coverage will only help if the items were stolen from specific parts of the house that are outside of your roommate’s designated living area.
  • Your liability will continue to cover you if your roommate is the cause of a fire on the property.
  • If you have renters insurance, your policy will only cover your items in the case of a fire, not your roommates. They will need to purchase their own policy.

If you would like to purchase renters insurance, contact The Schwab Agency, located in Dallas and Fort Worth! Their professional insurance agents can offer you top of the line advice, and will work with you until you are more than satisfied with your insurance product.

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The Schwab Agency

The Schwab Agency, LLC has over 20 years of experience within the insurance industry in our community and our goal is to bring you unparalleled service and dedication. Since the majority of our business is through long-lasting relationships with our clients, fulfilling your needs is of the highest priority.

COVID-19 Update:


Due to new increasing cases of Covid-19 our office will be closed to the general public until further notice. Our team will still be working full-time in the office and here to assist with all your insurance needs. Please contact us via phone at (817) 485-5050 or email: info@schwabagency.com.


We hope everyone is doing their part to protect themselves and their loved ones during these hard times, and thank everyone for understanding our decision to do our part to help protect our staff and those in our community.


Tim Schwab.
President and Managing Partner