When you rent your home, your landlord is responsible for only structural damage to the building itself, not your personal belongings.
For this reason, renters insurance is essential in order to protect your property as well as liability in the event that you cause injury or property damage.
Renters insurance covers your possessions against damage for things such as fire, smoke, lightning, vandalism, theft and water damage—but not flooding. It also extends beyond on premise theft and hazards, covering property that is stolen from your car, or lost or damaged anywhere you happen to be. We recommend insuring your personal property for its replacement cost value so that you can replace yesterday’s purchases at today’s prices. In addition to protecting your personal property, renters insurance also protects you in the event that you are responsible for injury or property damage to others. That means you’ll likely be protected if someone slips and sprains their ankle in your home.
Covering your property doesn't have to be expensive.
It’s easy to think that renters insurance is nearly as expensive as homeowner’s insurance, but the good news is because it is only covering the value of your belongings and not the building, it’s extremely affordable. And, for that small price, you can gain peace of mind knowing your property is protected in the event of a disaster.
