Renter’s Insurance

Renter's insurance and contents insurance could also be called "your stuff" insurance. Many people think their personal property is covered by their landlord, but it's not. Make sure you and your belongings are protected wherever you go. Here are the top five factors to be aware of when it comes to renter's insurance.

Personal Liability 

This applies if someone is injured or property is damaged and you are responsible.

Medical

This covers medical expenses for guests if they are injured in your residence.

Additional Living Expenses

If you can't live in your residence because of a covered loss, some companies will pay additional living expenses while the residence is being repaired.

Personal Property

This helps replace items if they are lost, stolen, or destroyed as a result of a covered loss.

Scheduled Personal Property

If you have special possessions, you should talk to your agent about adding coverage to protect them.

Renter's Insurance Checklist

Do due diligence on your insurance provider's level of service and record of paying claims

• Determine accurate cost to replace your belongings

• Ensure protection against bodily injury and property damage claims

• Secure personal property protection that follows you everywhere

• Look for Bundling opportunities like insuring your car(s) and possessions with the same carrier

• See if you can lower premiums with a higher deductible

• Check the price - the average renter's policy may cost less than $20 per month