Coverage guide
Renters Insurance
Renters insurance usually focuses on personal property, personal liability, medical payments, and additional living expenses when a covered loss makes a rental unlivable.
What it covers
- Personal property
- Liability
- Medical payments
- Loss of use
- Some belongings away from home
Who commonly researches it
- Apartment renters
- Students off campus
- People whose lease requires coverage
When people commonly buy
- Before move-in
- Before buying expensive electronics or furniture
- Any time your lease requires proof of insurance
Coverage considerations
- Landlord insurance usually protects the building, not your belongings
- Inventory your belongings
- Ask about replacement cost coverage
Common exclusions
- Flood
- Earthquake
- Roommate property unless named
- Business property beyond limits
Cost factors
- Personal property limit
- Liability limit
- Deductible
- Building location
- Security features
Comparison checklist
- Compare replacement cost vs actual cash value
- Check additional living expense limits
- Review lease requirements
- Ask about scheduled items
FAQ
Does my landlord's policy cover my belongings?
Usually no. A landlord policy typically covers the building and landlord interests, while renters insurance is for the renter's property and liability.
Can roommates share one renters policy?
Some policies may allow named insureds, but many do not automatically cover roommates. Read the policy and ask the insurer.