RENTERS INSURANCE

Protect Your Belongings With Renters Insurance

If you're a renter, you may not think you need insurance at all. (Your landlord already has insurance on the building, right?) But you may not realize that your landlord's policy doesn't cover any of your personal property. What would happen if:

  • Your apartment building burned down

  • A thief broke into your town house

  • A guest slipped and injured himself in your kitchen

  • The home you're renting suffered water damage

Without renters insurance, you've got no coverage for personal property loss or damage. Fortunately, you can get affordable renters insurance (also called apartment insurance) to help protect you in situations like these.

Renters Insurance Protects Your Belongings

Too often, people think they don't have enough property to make a renters insurance policy worthwhile. But take a minute to think about what you own, and what you've got to lose, including:

  • Clothing

  • Furniture

  • A television or entertainment system

  • A computer

  • An iPod

  • Musical or sporting equipment

  • Jewelry

When does renters insurance apply to you?

Your renters policy will state exactly what you're insured against. In the insurance world, it's known as "named peril" coverage.

The named perils in your renters policy may include:

  • Fire or Lightning

  • Windstorm

  • Smoke

  • Vandalism or Malicious Mischief

  • Theft

  • Accidental Discharge of Water

  • Nine other common loss types

Your coverage will also include liability protection, which covers injury to another person on your property. If necessary, your policy can even pay for your legal defense in these circumstances. Many landlords actually require tenants to purchase renters insurance with specific liability limits, especially if they own pets.

Additionally, your policy will include medical payments coverage that pays for medical expenses of people who don't live with you, but who are injured on your property.

PLEASE NOTE

The above is meant as general information and as general policy descriptions to help you understand the different types of coverages. These descriptions do not refer to any specific contract of insurance and they do not modify any definitions expressly stated in any contracts of insurance. We encourage to read your policy contract to fully understand your coverages.