Frequently Asked Questions About Renters Insurance

Who should buy renters insurance?
Anyone who rents a house or apartment should buy a renters insurance policy. Your landlord’s policy only covers their loss or liability. The contents of your apartment or house are not covered by your landlord’s insurance policy. A renters insurance policy will protect your property.

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How much renters insurance should I buy?
You should have enough insurance to cover the total value of your possessions. This includes your clothes, jewelry, furniture, electronics, and other appliances. To determine how much coverage you need, take stock of your possessions and estimate their total worth. This will give you the amount of coverage you should have.

What will renters insurance cover?
Renters insurance usually covers your possessions against fire, some natural disasters, theft, and vandalism. Renters insurance also provides liability coverage, in the event that someone injures themselves in your rental unit and attempts to bring a lawsuit against you.

How should I document my possessions for insurance purposes?
It is a good idea to document your possessions with a video or still camera. A video camera is preferable because you can add a “voiceover” describing the items while you record. You should describe each item in as much detail as possible. For electronics and appliances, you should give the name, make, model, and serial number.

Once you’ve made a visual record of your possessions, keep a copy in a secure place that isn’t in your house or apartment. A safe deposit box at your bank is a good location.

Why do I need liability coverage?
If someone injures themselves in your house or apartment, you could be held responsible for monetary damages. Renters insurance usually provides liability coverage as part of a standard policy in case anyone ever tries to collect damages from you.

When should I start my renters insurance coverage?
The short answer: right now. You can apply for renters insurance at anytime. If you are about to move into a new house or apartment, try to get a policy as soon as possible so it will be in effect when you move in.

Want to find out more about getting renters insurance? Talk with network of agents. Fill out a simple online form, and you'll be contacted with free quotes.