Your landlord's insurance doesn't cover your stuff.Whether you're renting an apartment, condominium, a house, or a shop-top flat, your landlord's insurance doesn't protect your property. When your neighbor forgets to turn the oven off and the building goes up in smoke, your time, money, and memories will too if they're not covered under a renter's policy. Find an AgentGet a Quote
Renter’s Coverage Options
Standard renters insurance coverages include personal liability, personal property, loss of use, and medical payments to others. These coverages offer protection against damage to your personal belongings from a covered loss and liability for someone else’s damages or injuries, plus additional living expenses if you’re forced to live elsewhere due to a covered loss. You can also add coverage to your renters insurance policy for personal injury lawsuits and water back-up incidents.
A standard renters insurance policy covers damage to your personal belongings, up to your policy’s limits, such as furniture, clothing, electronics, and appliances you own. Damaged or stolen personal property can also be covered while travelling or in a storage unit. Depending on your policy, personal items may be covered for their replacement cost value or actual cash value.
Loss of Use
If you’re unable to stay in your rental unit due to a covered incident, loss of use coverage may pay for hotel, rent, and food expenses above your normal cost of living. Be sure to keep your receipts so your expenses can be properly documented and reimbursed.
If you’re liable for injuries to another person or damage to their property, personal liability may cover you up to the limits of your policy, as well as lawsuit costs.
If someone gets injured in your rental space, medical payments coverage may pay for their medical bills up to your policy’s limit.