Your landlord insures the building. Everything inside it, and everything you might be liable for, is on you.
Covers your belongings. Your landlord's policy insures the building, not a single thing inside your unit. Furniture, clothes, electronics, kitchen equipment and everything else is yours to replace. Add it up honestly and the total is usually several times what people guess.
Covers your liability. If a guest is injured in your apartment, or you cause damage that spreads to other units, the liability portion defends and pays. This is the part tenants never think about and the part that produces the largest claims.
Pays for somewhere to stay. If a fire or water loss makes the unit unlivable, loss of use coverage pays for temporary housing and the extra costs of living elsewhere while repairs happen.
Actual cash value pays what your five-year-old couch was worth, which is not much. Replacement cost pays what it costs to buy a new one. The difference in premium is usually small and the difference at claim time is enormous. Ask for replacement cost.
Jewelry, firearms, cameras, musical instruments, collectibles and high-value electronics are typically capped at low sub-limits under a standard policy, particularly for theft. Scheduling an item covers it for an agreed amount and usually with a broader set of perils, including simply losing it.
Flood is excluded from renters policies as it is from homeowners policies. If your unit is in a flood-prone area, that is a separate policy.
Renters insurance is one of the most affordable policies you can buy. Many renters are covered for roughly $15 to $25 a month, though your actual price depends on where you live, how much coverage you choose, your deductible, your claims history and the insurance company.
Your landlord insures the building — not your furniture, clothing, electronics or anything else you own. A renters policy covers:
Your belongings after a covered loss such as fire, theft or certain storm damage.
Personal liability if you are legally responsible for someone else's injury or property damage.
Additional living expenses if a covered loss makes the place temporarily unlivable.
Other optional coverages depending on your needs and the company.
Many landlords and property managers require renters insurance in the lease, often with a minimum liability limit written in. If yours needs proof of coverage, we will get the policy in place and send the documentation.
If you already carry auto insurance, putting auto and renters with the same company often qualifies you for a multi-policy discount.
That discount offsets part of the cost of the renters policy — and in some cases the difference in your total insurance bill ends up surprisingly small.
Call us and we will compare your options, help you pick the right amount of coverage and start the policy.
Already have auto insurance with us? Ask what it would cost to add renters. Most people are surprised.
No. The landlord's policy covers the building. Your belongings and your liability are yours to insure.
Enough to replace your belongings, which usually means walking room to room and adding it up rather than guessing. For liability, many leases specify a minimum and most renters carry at least that.
Generally not unless they are named on it. Roommates usually need their own policies, which also keeps a claim from affecting both records.
Personal property coverage typically follows you away from home, subject to your deductible and any sub-limits for electronics. The car's policy does not cover items inside it.
No. Flood is excluded, as it is on homeowners policies, and requires separate coverage.
Tell us what you need covered and we will shop it across dozens of carriers.