Protect Valuables Instantly With Renters Insurance Personal Property

What Does Renters Insurance Cover?

Renters insurance typically covers three main areas:

• Personal Property: This is the core component of renters insurance, covering the cost to repair or replace your belongings if they are stolen or damaged by a covered peril, such as fire or vandalism.
• Liability Protection: If someone is injured in your home, liability coverage can help pay for their medical expenses and protect you from legal claims.
• Additional Living Expenses: If your rented home becomes uninhabitable due to a covered event, this coverage can pay for temporary housing and related expenses.

According to the Insurance Information Institute, the average cost of renters insurance in the United States is around $15 to $30 per month, depending on the coverage amount and location¹. This relatively low cost makes it an affordable way to secure peace of mind.