Renter's Insurance (Matthew Hozeska)

A renters insurance policy is a group of coverages designed to help protect you and your belongings. A typical renters insurance policy includes liability coverage, protection for your belongings and coverage for additional living expenses, should the home you’re renting become temporarily uninhabitable. While you may not always be able to prevent certain situations, such as a break-in or visitor’s injury, renters insurance, sometimes referred to as “tenant insurance,” may help minimize the impact, whether you’re renting a single-family home or an apartment.

Personal Property Coverage

Think of everything you own. The value of your belongings can quickly add up. Personal property coverage, a typical component of renters insurance, may help cover the cost of replacing your stuff if it’s unexpectedly damaged or ruined. Personal property coverage may cover the cost to repair or replace your belongings, such as clothing, furniture and electronics, up to the limits in your policy. It typically does not coverWhat is typically not cover personal property loss over your coverage limit.

Liability Coverage

Liability coverage is another protection typically offered in a renters insurance policy. This coverage may help protect you from paying out of pocket for certain costs if you are found legally responsible for injuries to other people or damage to their property. Liability coverage may include repairs if you accidentally damage someone else’s property or a guest’s medical bills if you’re found responsible for their injuries. It typically does not cover liability protection over your coverage limit.

Additional Living Expenses Coverage

If you’re renting a house or apartment, you typically have a place to call home until your lease expires. But what if your rented home were to be damaged by fire, for instance, and you were unable to live in it? That’s where renters insurance may help. This type of cover may include additional costs you incur, like hotel bills, if the home you rent is damaged and left uninhabitable. It typically does not include damage to the structure of the building you’re renting.