Renters Insurance

Renters’ insurance is a policy that offers many of the same benefits as homeowners’ insurance, including liability coverage. It protects your personal belongings from risks such as fire, theft, and vandalism. However, it does not cover the structure or dwelling itself—this responsibility falls on the property owner. Renters’ insurance may cover small alterations made to the structure by the tenant, but the tenant’s personal property remains the focus of the coverage.

How Much Renters’ Insurance Do I Need?

The amount of renters’ insurance you need depends on the value of your personal belongings and your potential liability exposure. To determine the right level of coverage, consider these questions:

How much are my belongings worth?
Could I afford to replace everything if it were damaged or stolen?
How would I handle a liability lawsuit against me?

If you’ve ever wondered, “Do I need renters insurance?” the answer is likely yes.