What Does Renter's Insurance Cover?
Here's a rundown of what is covered by Renter's Insurance.
With a renter’s insurance policy, look for these coverages:
1. Personal property coverage. A renter’s insurance policy offers you coverage for the theft, loss or destruction of your personal belongings in the event of a fire, storm or other covered peril. This can help you replace the items you use on a day-to-day basis, from your clothing to your appliances to your furniture—as well as your more expensive items. It even covers your personal belongings when they're not inside your home, if you take your laptop with you on a trip and it is damaged or stolen.
2. Liability coverage. The liability insurance that comes as a part of your standard renters’ insurance policy can help protect you if you are sued by a guest injured in your home. When someone comes over to your house and trips down your stairs, injuring themselves seriously enough to warrant medical attention. If you are found responsible for the accident, your renters insurance liability coverage can help pay for your legal expenses and their medical bills and other damages. Liability coverage can even pay for damages caused accidentally by you or your family members.
3. Additional living expenses. If a fire or disaster were to render the rental home unlivable, with a renters insurance policy it will help pay for your temporary living expenses. This can include things like hotel bills to restaurants to other living expenses you normally wouldn't incur.
Contact your own automobile insurance carrier for an estimate on how much a renter’s insurance policy will cost you. You might be surprised by the amount of coverage you can get for just the cost of a few fancy cups of coffee per month.
Contact your insurance carrier/provider for an estimate on how much a renter’s insurance policy will cost you. You might be surprised by the amount of coverage you can get for just the cost of a few fancy cups of coffee per month.