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What Is Renters Insurance and Do I Need It?

Insurance ExpertsJuly 12, 2024

Many renters mistakenly believe they are covered by their landlord's insurance policy. Renters insurance is an affordable way to protect your personal property from events like fire or theft.

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What Does Renters Insurance Cover?

A standard policy covers your personal belongings (furniture, electronics, clothes), liability protection if someone is injured in your apartment, and additional living expenses if your rental becomes uninhabitable.

Is It Expensive?

Renters insurance is typically very affordable, often costing less than $20 per month. The peace of mind it provides is well worth the small cost.

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