Renters Insurance 

Why You Need Renters Insurance

The landlord of your apartment has insurance, but it probably only covers the building where you live — not your belongings or your liability for accidents. If your possessions are stolen during a break-in or damaged by a fire or severe weather, a renters insurance policy can allow you to recover their value. If someone is injured during an accident in your home, renters insurance can help protect you in the case a liability lawsuit. Renters insurance helps keep your belongings secure, whether they’re on your desk, under your couch, or in some cases, even in your car’s glove box.

If you’re renting a house, an apartment, or a condo, a renters policy provides added protection (and peace of mind) for your personal property.

Reliable protection when you need it most

Apartment renters insurance typically covers you and your personal property, like your clothes, sports equipment, smartphone, TV, and more.

It even protects your stuff outside your home. Lose your laptop after locking it in the car? Your rental insurance policy can help you replace it. Same goes for things stolen or damaged at the gym, at the coffee shop, or at a friend’s.

And if your apartment or rental home is damaged by fire or vandalism, for example, you’re going to need a place to crash while the landlord takes care of business. Your policy helps cover the cost of your hotel room and other additional living expenses.

How much does renters coverage cost on average?

Your landlord should have insurance that protects the building itself, but that policy won’t include anything you bring in with you.

Thankfully, a renters policy is surprisingly affordable. Renters coverage can provide superior protection for just $10 a month on average.*

The amount you pay for your policy will vary, but this gives you an idea of the average cost before getting a quote.