Lemonade Renters Insurance in Plano, TX
Renting near Legacy West? Protect your stuff with Lemonade renters insurance in Plano from just $10/month.
What does Lemonade renters insurance in Plano protect against?
Renters insurance protects your stuff against several potential damages (or “perils” in insurance speak). Here’s a closer look at what is (and isn’t) covered:
- Fire & smoke damage
- Theft & break-ins
- Clothes & shoes
- Jewelry & watches
- Your laptop & electronics
- Books & collections
- Wind & hail damage
- Art & musical instruments
- Kitchen appliances & gadgets
- Furniture & home decor
- Sports equipment & bikes
- Water damage from burst pipes
Not covered: floods, normal wear & tear, your roommate’s stuff, or getting mad at the Cowboys & punching your TV.
What does renters insurance cover in Plano?
It’s not just about your stuff, renters insurance also covers:
Personal liability
Someone slips at your pool party? We’ve got the medical bills and potential lawsuits covered
Loss of use
Burst pipe makes your place unlivable? We’ll cover hotel costs above what you normally spend
Medical payments
Guest cuts themselves on broken glass? We’ll handle the cost of their ER visit
Want to learn more about what renters insurance covers (and what it doesn’t)? Check our coverage guide.
How much does renters insurance cost in Plano?
As of 2025, Lemonade renters insurance in Plano typically averages between $10 and $15 per month. Factors like your location, how much coverage you select, and your deductible determine how much you’ll pay.
Customers love Lemonade renters insurance
Our customers rate Lemonade renters insurance 4.9 on Trustpilot. Don’t just take our word for it, check out what they’re saying.
How does Lemonade protect Plano renters?
Protection built for Southern life and city risks
Severe weather protection
Wind, hail, and (some) water damage when Texas' storms and tornadoes hit
Protection against theft
We'll cover your electronics whether it's a break-in or grab-and-go
Tornado displacement
Severe weather evacuation keeping you out of your place? We've got you covered
How much renters insurance do you need in Plano?
The right amount depends on what you own and your lifestyle.
Here’s how to calculate what you need.
Personal property coverage
You can choose anywhere from $10,000 to $250,000 in coverage. Walk through your Plano rental and add up what it would cost to replace everything: furniture, electronics, clothes, kitchen items, and personal belongings. That sum should be your personal property coverage limit.
Read moreLoss of use coverage
Coverage ranges from $3,000 to $200,000. Think about how much you’d spend on temporary housing, meals, and other expenses if your rental became unlivable due to covered damage. Spending just one week in a Plano hotel will run you $761*, so factor in your local costs.
Read morePersonal liability coverage
Lemonade’s standard $100,000 covers medical bills and legal fees if someone gets hurt in your rental or if you accidentally damage someone else’s property. Your landlord will probably specify how much you need, so pay attention to your lease requirements.
Read moreHow to save on renters insurance rates
Renters insurance is generally quite affordable, but there are still some ways you can save
Bundle
Combine renters with car or pet insurance for instant multi‐policy discounts. (Plus, you can manage your policies in one place)
Pay in full
Pay your full premium upfront to avoid monthly fees and earn up to a 5% annual payment discount.
Security devices
Fire alarms and security systems can lower your rate. Check what safety features your rental has, you might already qualify.
Who needs renters insurance in Plano?
Renters insurance is one of the smartest investments any renter can make. Here’s how a handful of Plano residents benefit from coverage:
Tech professionals
Working for major tech companies in Plano’s corporate corridor means you have valuable personal electronics at home. Renters insurance protects your gaming systems, furniture, and belongings from theft or damage, plus covers liability if colleagues visit your place. It’s smart protection for North Texas’s tech hub.
Young families
Plano’s top-rated schools and master-planned communities attract young parents who want to protect what matters most. Renters insurance covers your furniture, electronics, kids’ toys, and strollers from theft or damage. Plus, liability coverage protects you when other families visit for playdates.
Young professionals
Your laptop, furniture, and professional wardrobe are investments in building your career in one of Texas’s most affluent cities. Renters insurance protects them from theft and covers liability if someone gets hurt in your space. For less than your monthly toll road fees, you’re protected.
Telecom workers
Working for major telecom companies in Plano’s business district means you understand connectivity and protection. Renters insurance protects your personal electronics, furniture, and belongings from theft or damage. Plus, liability coverage protects you when industry colleagues visit your place.
Retail professionals
Working at Legacy West, The Shops at Legacy, or other upscale retail centers means you understand the value of protecting belongings. Renters insurance covers your professional wardrobe, electronics, and furniture when you’re managing retail operations, plus liability protection if colleagues visit after work.
What’s the best renters insurance in Plano?
We might be biased, but Lemonade was designed to shine for Plano renters
All in the app
Get a quote, manage your policy, and file claims all from your phone
Coverage for you
Pick exactly what you need. No cookie-cutter policies
Claims paid fast
Most claims get handled in minutes, not weeks
Plano Renters: By the Numbers
Real data from our customers:
Plano Renters Insurance FAQs
What's the average cost of rent in Plano?
According to Zumper*, the average cost of rent in Plano is $2,295. However, the average cost of rent varies widely depending on where you live, and the type of home your renting. Here’s a look at how the average cost of rent changes in Plano based on your property type:
- Apartment: $1,650
- Condo: $1,964
- House: $2,750
How does renters insurance work in Plano?
Lemonade harnesses the power of tech to make the process of filing a renters insurance claim, and getting reimbursed, stress-free. Here’s how the renters insurance claims process works for Plano residents:
- Document damage: When disaster strikes in Plano, make sure to take clear photos or videos of any damage to your belongings, this documentation will help support your claim.
- File a claim: Open the Lemonade app and file your claim in minutes by chatting with AI Jim and providing the necessary details about your loss or damage.
- Get reimbursed: For eligible claims, receive your money directly in your bank account.
What information do I need to get a renters insurance quote?
Getting a renters insurance quote takes just a few minutes. You’ll need:
- Your rental address and move-in date
- An estimate of what your belongings are worth
- Your preferred deductible amount
- Basic details about your rental (apartment, house, or condo)
- Any security features like fire alarms or security systems
Most quotes take under 5 minutes, and you can adjust your coverage anytime through the Lemonade app.
Are my electronics covered if damaged by hail at Legacy West?
Yes, hail damage to your personal belongings is covered whether you’re at Legacy West, your apartment, or anywhere else. According to the National Insurance Crime Bureau (NICB), Plano experienced 42,659 hail loss claims between 2012 and 2022, placing it among the top cities for hail claims in the US.
Do I have coverage if my car gets damaged by hail at The Shops at Legacy East?
No, renters insurance covers personal property, not vehicle damage, that’s what your car insurance handles. But if belongings inside your car are damaged by hail, like shopping bags or electronics, your renters policy covers those items.
All coverage is subject to individual policy limits, terms, and conditions. Certain items mentioned in this article, including electronics, jewelry and watches, art and musical instruments, and some collections, are subject to sub—limits under standard renters insurance policies and may need to be scheduled separately for full protection. Any hypothetical examples used in Lemonade editorial content are purely expositional. Hypothetical examples do not alter or bind Lemonade to any application of your insurance policy to the particular facts and circumstances of any actual claim. The costs shown in this article are based on internal Lemonade data as of January, 2025. Claims data is sourced from internal Lemonade data as of August 2025. Average costs of hotel stays sourced from https://www.budgetyourtrip.com/search.php. Average cost of rent sourced from Zumper as of August 2025 https://www.zumper.com/
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