What does renters insurance cover?
Renters insurance is an insurance policy that can cover theft, water backup damage, certain natural disasters, bodily injuries and more in a rented property. If you rent an apartment, home or even a dorm, renters insurance is recommended for protecting your space and belongings in the event of a covered accident. Get a free renters insurance quote in minutes. No matter how modest your lifestyle, replacing all your belongings can add up. Replacing the basics could look something like this:Can you afford not to have it?
This is a hypothetical illustration. Actual coverage amounts and limits vary based on individual needs and policy. Renters insurance coverage can help you replace these items and more.
Basic renters insurance coverages
Helps protect your furniture, clothing & other items from covered losses. Provides reimbursem*nt for additional living expenses when a covered loss prevents you from living in your home. Get help paying for covered damage or bodily injury caused by an accident that occurs in your home.Contents
Loss of use
Personal liability
May help pay for medical or funeral expenses for someone who is injured on your property. Pays for covered damages to additions, alterations, fixtures, improvements or installations that you make to your home. Pays up to your selected limit for unauthorized transactions on your credit cards and bank debit/ATM card. Also applies to forged checks and counterfeit money.Medical payments to others
Building additions & alterations
Credit card coverage
Brand New Belongings®
When the things inside your home are damaged or stolen, we’ll help you pay to have them fixed or replaced.
First, you’ll get money for the depreciated value of your covered items. Then, after you buy replacement items or have them repaired, send us the receipt and we’ll pay you the difference.1
Optional renters insurance coverages
Provides additional coverage for high-value items such as jewelry, watches, antiques and fine art. Protects you against loss caused by backed up sewers or drains.Valuables Plus®
Water backup
Provides extended protection for your personal belongings stored in or on any motor vehicle, trailer or watercraft. Pays up to your selected limits for covered losses to your property caused by earthquakes or volcanoes.Theft extension
Earthquake
Other policies to consider
Auto insurance
Lots of auto insurance companies can give you a quote. But we back it up with our superior claims team.
Make sure your insurance keeps up with your life and you get all the discounts you deserve.On Your Side® Review
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Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which control coverage determinations. Such terms may vary by state, and exclusions may apply. 1Brand New Belongings is an optional feature. Exclusions and limits apply. Damaged items may be repaired in some cases. Details vary by state and policy language. Please consult your policy for the specifics of your selected coverages. Subject to underwriting guidelines, review, and approval.
As someone deeply entrenched in the realm of insurance, particularly renters insurance, I'm well-versed in the intricacies and nuances of this specific coverage. Renters insurance is a vital financial safeguard for individuals occupying rented spaces, encompassing a range of protections. Let's break down the components of renters insurance and the concepts interwoven within the provided article.
Renters Insurance Coverage Components:
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Contents Coverage: This shields personal belongings like furniture, clothing, and other items from specified losses such as theft or damage.
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Loss of Use: In case of a covered incident that renders your home uninhabitable, this coverage helps with additional living expenses during the displacement.
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Personal Liability: Covers expenses incurred due to covered damage or bodily injury occurring within your rented space.
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Medical Payments to Others: Aids in paying medical or funeral expenses for someone injured while on your rented property.
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Building Additions & Alterations: Protects alterations or improvements made to your rental property against covered damages.
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Credit Card Coverage: Covers unauthorized transactions on credit/debit cards up to the chosen limit, including forged checks and counterfeit money.
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Brand New Belongings®: In case of damage or theft, this coverage reimburses the depreciated value initially, with an additional payout upon replacement or repair.
Optional Renters Insurance Coverages:
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Valuables Plus®: Additional coverage for high-value items like jewelry, watches, antiques, and fine art.
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Water Backup: Shields against losses caused by backed-up sewers or drains.
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Theft Extension: Extends protection to personal belongings stored in or on vehicles, trailers, or watercraft.
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Earthquake: Covers losses due to earthquakes or volcanoes up to selected limits.
Other Related Policies and Considerations:
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Auto Insurance: Highlighted as separate coverage; suggests exploring auto insurance from the same provider for comprehensive protection.
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Flood Insurance: Emphasizes the need for additional flood insurance, as renters insurance typically excludes flood damage coverage.
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On Your Side® Review: Encourages policyholders to periodically review insurance coverage to align with evolving needs and potentially access more discounts.
The article underscores the importance of understanding policy terms, coverage specifics, and state-specific variations. It also mentions the optional nature of certain features, highlighting the need for individualized policy considerations based on personal circ*mstances and needs.
