Renters Insurance
Big Protection, Small Price
Your landlord's insurance covers the building — not your furniture, electronics, clothes, or liability. Renters insurance fills that gap for roughly $15-$30 a month, and bundling it with auto insurance often offsets most of the cost through discounts.
What Renters Insurance Covers
- Personal property — your belongings, against fire, theft, water damage from burst pipes, and more — even property stolen from your car
- Liability — if a guest is injured or you accidentally damage the building (a kitchen fire, an overflowed tub)
- Loss of use — hotel and living expenses if a covered loss makes your place unlivable
- Medical payments — small guest injuries, handled without a lawsuit
FAQ
It protects everyone. Your liability coverage responds if you damage the unit, and your property coverage means a fire doesn't leave you with nothing — and less likely to dispute with the landlord over losses.
Typically $15-$30 per month depending on coverage amount and location. Bundled with auto insurance, the multi-policy discount often covers much of it.
No — each renter needs their own policy unless they're a spouse or listed household member. Policies follow the named insured's property.
Yes — personal property coverage typically follows your belongings anywhere, including items stolen from a vehicle (the vehicle itself is your auto policy's job).
Add up replacing every piece of clothing, cookware, and electronics at once — most people pass $20,000 quickly. And the liability protection alone can be worth the premium.
Damage to your belongings from burst pipes or appliance leaks is generally covered. Flood (rising water from outside) is not — that requires separate flood coverage, even for renters.
