What is Renter’s Insurance?
What is Renters Insurance?
If you rent your home, having insurance protection for yourself and your possessions is still important. Similar to home
insurance, renters insurance protects you in situations that everyone can face: fire, theft, water damage and other unforeseen
circumstances your landlord’s policy doesn’t cover.
Renters insurance typically provides coverage, up to the limits you select, for specified items and situations, including:
Imagine going to dinner or a special family get-together, and when you return home, you’re greeted by the flashing lights of
police cars and fire trucks. Building fires and damage can happen anytime, anywhere, but with proper renters insurance, your
personal property inside your apartment will generally be covered if it’s affected by any of the following:
Renters insurance will protect you from incidents that occur while you’re at home, too, such as a toaster catching on fire or a
friend slipping and falling while visiting you. Renters insurance provides coverage for your own items, and it provides coverage
for other people’s injuries or damages in situations for which you’re liable, as well.
You can’t rely on your landlord’s insurance to cover your valuables — landlord insurance only covers the building structure
and not your personal property.
Renters insurance, sometimes referred to as an HO4 policy, can provide the financial protection you need in case your
possessions are destroyed or stolen, as well as liability protection if someone is hurt in your dwelling.
Before you shop for renters insurance, take an inventory of what you own to decide what level of coverage makes you
comfortable. Then, get a renters insurance quote and choose the policy that’s right for you.