Everything About Renters Insurance
Your complete guide to understanding renters insurance, what it covers, and how to get the best protection for your belongings.
What is Renters Insurance?
Renters insurance is a type of property insurance that covers your personal belongings and provides liability protection when you're renting a home or apartment. Unlike homeowners insurance, it doesn't cover the building structure itself - that's your landlord's responsibility.
What Does Renters Insurance Cover?
Personal Property
Furniture, electronics, clothing, and other belongings
Liability Protection
Legal costs if someone is injured in your rental
Additional Living Expenses
Temporary housing if your rental becomes uninhabitable
Medical Payments
Minor medical bills for guests injured on your property
How Much Coverage Do You Need?
Most financial experts recommend having enough coverage to replace all your belongings. A good starting point is to create a home inventory and estimate the replacement cost of all your possessions.
Quick Coverage Calculator
- • Furniture and appliances: $10,000 - $25,000
- • Electronics: $5,000 - $15,000
- • Clothing and personal items: $5,000 - $10,000
- • Jewelry and valuables: $2,000 - $5,000
Total recommended coverage: $20,000 - $50,000+