Could you afford to replace all your belongings if there were a fire, theft, or other major loss tomorrow? It only takes a few minutes to see how affordable renters coverage can be.
Getting renters insurance is an affordable way to protect your belongings.
At Renters insurance policies contain several different types of coverages that each apply to different things:
Personal Property Coverage
Personal property coverage protects your movable goods, from furniture to clothing and electronics. In most cases, renters insurance protects your things wherever you take them.
- • Policyholders need to inventory their belongings they would claim if damaged or lost due to a peril. The inventory of belongings should include photos or video of the items as well as any receipts and proof of purchase to attach, which is much easier in this current age of smartphones.
- • Very valuable items, like jewelry, cash or firearms may have limited or no coverage under a typical homeowners insurance policy. There are separate coverages for these valuable items that can be purchased.
Liability coverage protects your personal liability as well as your property. This includes medical costs for injured guests and damage to other people's property.
Loss-of-use coverage pays your expenses if your apartment ever becomes inaccessible or unlivable.