Renter’s Insurance
Renter’s insurance is a form of property insurance that provides coverage for a policy holder’s belongings and liability within a rental property. When you rent a home or an apartment, your landlord is responsible for insuring the property against damages caused by fire and other disasters.
But, this doesn’t mean that your personal property is also covered. As a renter, you have the option of buying renters insurance, which comes with a number of coverages to protect you from the unexpected.
When purchasing a renters insurance policy, look for these coverages:
Personal Property Coverage
Liability coverage
Additional living expenses
What Is Not Covered?
Just as with home insurance policies, renters insurance won’t cover damage from “earth movement,” which includes earthquakes, mudslides, and landslides. Also typically excluded are: