Renters Insurance

Renters Insurance

Most people who rent an apartment or house don’t have renters insurance. Rental insurance is affordable, but most people simply don’t know it exists. This article provides basic information about renters insurance.

Renters Insurance – Facts

Rental insurance provides property and personal belonging protection for rented property. Most of these policies cover loss of use of the living space, which means insurance will pay for you to live elsewhere (temporarily). Some policies also provide personal liability protection, which helps if someone in injured in your space.

This insurance is for people who live on rented property. It works like typical property insurance. When damage to your possessions occurs due to a disaster, you file a claim with your insurance company. The company determines if you have a valid claim, if so, it will offer you a settlement.


Renters insurance is standard with little to no variation across policies. It is similar to homeowners insurance, and covers things like fire but not floods. You may need to purchase additional coverage to meet your needs.


Renters insurance is smart for tenants. Remember, your landlord is not obligated to replace any of your personal belongings. You are on your own. That’s why you should consider buying renters insurance coverage.