Renters Insurance

Understanding renters insurance — who needs it, what it costs, and what it covers.

Coverage Overview

Renters insurance protects your personal belongings, provides liability coverage, and covers additional living expenses if your rental becomes uninhabitable. Your landlord's policy does NOT cover your stuff.

Average Cost

$150 - $300/year

Who Needs It

Anyone renting an apartment, house, or condo. Many landlords now require it. At $15-25/month, it is one of the best insurance values available.

Key Exclusions

These are typically NOT covered by this type of insurance:

✗Flood damage
✗Earthquake damage
✗Roommate belongings (they need their own policy)
✗Vehicles
✗Expensive jewelry above policy limits

Renters Insurance FAQ

Does my landlord's insurance cover my belongings?

No. Your landlord's policy covers the building structure only. Your personal belongings, liability, and additional living expenses require your own renters policy.

Is renters insurance worth it?

Yes. For roughly $15-25 per month, you get coverage for all your belongings, liability protection (if someone is injured in your unit), and temporary housing costs if you are displaced.

Check Your Coverage

Use our Coverage Profile Builder to see if renters insurance is right for your situation.

Build Your Coverage Profile

Coverage Classroom provides educational information only. This is not insurance advice, and we are not licensed insurance agents or brokers. Always consult with a qualified insurance professional before making coverage decisions.