Renters Insurance

What Does Renters Insurance Cover?

• Personal Property Coverage: Protects personal belongings within the rental property, such as furniture, electronics, and clothing, from covered perils like theft, fire, and vandalism. Coverage limits often range between $15,000 and $100,000, with customizable options.
• Liability Coverage: Provides legal and medical cost coverage if someone is injured in your rental unit, covering damages and potential lawsuits. Coverage limits typically start at $100,000 and can be increased for added protection.
• Loss of Use: Covers additional living expenses if you need temporary housing due to a covered loss, like fire or water damage. This includes hotel stays, meals, and other necessary expenses, with limits often set at 20%-30% of personal property coverage.
• Medical Payments to Others: Pays for minor medical expenses if a guest is injured in your rental space, regardless of fault. Coverage usually ranges from $1,000 to $5,000 per incident.
• Fire and Smoke Damage: Protects belongings against fire-related damage. For additional fire-specific coverage, visit our Fire Insurance page.
• Water Damage from Plumbing Issues: Covers personal property damaged due to sudden plumbing malfunctions, though flood-related damages require separate coverage. For flood protection, refer to our Flood Insurance options.

Benefits of Renters Insurance

• Financially protects you from losses due to unexpected events like fire, theft, and liability claims.
• Provides peace of mind knowing that your belongings are covered in a rental property.
• Helps cover unexpected expenses if you need temporary housing during repairs.
• Flexible coverage options, allowing customization based on your belongings and budget.

Coverage Limits for Renters Insurance

Renters Insurance coverage limits can be tailored to your needs and the value of your belongings. Common limits include:

• Personal Property Coverage: Limits typically range from $15,000 to $100,000, depending on the value of your items.
• Liability Coverage: Standard policies start at $100,000, with options to increase to $300,000 or higher for added protection.
• Loss of Use: Coverage for additional living expenses, generally set at 20%-30% of personal property coverage.

Get a Quote: What Information is Needed?

Frequently Asked Questions

• Does Renters Insurance cover theft outside my rental unit? Yes, personal property coverage often extends to belongings taken off-premises, like items stolen from your car.
• Is water damage covered? Water damage from sudden plumbing issues is covered, but flood damage requires a separate Flood Insurance policy.
• Can I cover high-value items like jewelry or electronics? Yes, additional coverage (riders) can be added for items exceeding standard policy limits.
• What happens if my rental unit becomes uninhabitable? Loss of Use coverage helps with temporary living expenses until repairs are completed.