Renters Insurance

With Renter's Insurance, you will have coverage for your belongings and liability exposures

Renter's insurance covers your possessions against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm, and water damage from plumbing. Renter's insurance also covers your responsibility to other people injured at your home by you or a family member and pays legal defense costs if you are taken to court.

If you are forced out of your home because of a disaster your additional living expenses will be covered.

Renter's insurance pays the reasonable additional costs of temporarily living away from your home if you can't live in it due to a fire, severe storm or other insured disaster. It covers hotel bills, temporary rentals, restaurant meals and other living expenses incurred while your home is being rebuilt. Coverage for additional living expenses differs from company to company.

However, Renter's insurance does not cover floods, earthquakes or routine wear and tear. You can, however, buy separate policies for flood and earthquake damage.

Decide How Much Insurance You Need.

Add up the cost of everything you would want to replace if it were damaged or stolen. This also serves as the basis for an inventory in the event you have to file a claim. For an inventory, also record model numbers, dates and places of purchase. Take photographs or make a video of these items and place a copy of the inventory in safe place away from your home.

If you rent an apartment or house you need insurance to protect your belongings. While your landlord might have insurance, it only protects the building. Your belongings are not covered under their policy.