What is renters’ insurance
Renters Insurance protects your personal property against damage or loss and insures you in case someone is injured while on the rented property. If you live in a rented apartment, house or condominium, your landlord’s insurance does not cover your personal property or provide liability protection in the event of a loss.
Personal Property
This coverage provides protection for the contents of your home and other personal belongings owned by others who live with you. Coverage C is subject to a designated amount, agreed upon by you and the insurance company. Coverage is limited on certain types of property that are susceptible to loss, such as money, securities, jewelry, furs, manuscripts, stamps or coins. However, you may want to consider scheduling these items separately and for an additional amount of insurance. It’s important to talk with your agent for specifics.
Perils insured against:
- Aircraft
- Vehicles
- Smoke
- Theft
- Fire or lightning
- Windstorm or hail
- Explosion
- Riot or civil commotion
- Vandalism or malicious mischief
- Volcanic eruption
- Falling objects
- Weight of ice, snow or sleet
- Accidental discharge or overflow of water or steam from within a plumbing, heating, air conditioning or automatic fire protective sprinkler system, or from within a household appliance
- Sudden and accidental damage from artificially generated electrical current (does not include loss to a tube, transistor or similar electronic component)
- Sudden and accidental tearing apart, cracking, burning or bulging of a steam or hot water heating system, or of appliances for heating water
- Freezing of a plumbing, heating, air conditioning or automatic, fire protective sprinkler system, or of a household appliance
Additional coverage:
Renters’ insurance policy also provides additional living expenses. If you are unable to live in your apartment because of a covered loss, this coverage will pay for additional living expenses, which could include temporary housing, meals, and other expenses incurred while your apartment is being repaired or rebuilt. This coverage is subject to coverage limits.