If you rent a house or apartment, your landlord’s insurance will only cover the costs of repairing the building if there is a fire or other disaster. You need your own coverage, known as renters or tenants insurance, to protect yourself and your belongings financially.

Renters’ insurance includes three important types of financial protection:

Coverage for Personal Possessions: protects your property in the event of a burglary, fire, or other disaster. Covered property includes furniture, clothing, electronics, kitchen utensils, and even linens.

Renters insurance covers you against losses from:

• Fire and smoke
• Lightning and windstorms
• Vandalism
• Theft
• Explosion
• Certain types of water damage

Most renters’ insurance policies, however, do not cover floods.

Liability Protection: This covers you against lawsuits for bodily injury or property damage done by you, your family members, and even your pets. This coverage pays for both the cost of defending you in court and court awards—up to the limit of your policy.

Additional Living Expenses: If your home is destroyed by a disaster that your policy covers and you need to live elsewhere, renters insurance provides for living expenses such as:

• Hotel bills
• Temporary rentals
• Restaurant meals
• Other expenses you incur while your home is being repaired or rebuilt 

Discounts

Insurance companies often offer discounts on renters insurance if you have another policy with them for your car or business. You can get additional savings for:

• Have a security system
• Use smoke detectors
• Use deadbolt locks
• Have good credit
• Have multiple policies
• Stay with the same insurer
• Are over 55 years old

Renter’s insurance gives you total peace of mind, no matter what happens to your property. We’ll help you find a policy that gives you the protection you need while staying within your budget.