Renters Insurance

What is Renters Insurance?

Renters Insurance is a policy you can purchase that protects renters personal property. It covers your valuable property that you have inside of your rental property, along with liability if you are to get hurt while on property.

Why Do You Need Renters Insurance?

While your rental property has property insurance, it only covers the structure of your rental property. Renters insurance will cover your personal property in case of a flood, tornado, fire, or other natural disaster. It will also help cover you in case you are injured while on property. Consider how much it would cost to replace your clothes, decor, furniture, etc. then decide if it’s worth the cost for you.

How Much Does Renters Insurance Cost?

The cost depends on the insurance provider. Typically, it is fairly inexpensive in relation to all it covers. Sometimes bundling renters insurance with other insurance policies can save you money. Check with your parents insurance provider, as some policies will let you add on renters insurance for a lower rate.

Shop around to find the right coverage and price for you.