It does not matter if you are renting an apartment, condo, or house. A renters policy is there to protect your personal belongings from a covered loss.
What is covered?
Belongings: Covers the following in the event of a covered loss: furniture, electronics, clothing, bicycles, computers, etc.
Loss of use: Covers your living expenses in the event the place you are renting is rendered uninhabitable by a covered loss.
Personal Liability: Covers you in the event a lawsuit is filed against you
Medical Payments: Pays for the medical bills of someone injured while at your place.
What Losses are covered?
- Fire, lightning, windstorm, hail, theft, vandalism, riots, and many more
Renters insurance is an affordable way to protect your belongings during your time renting. Many companies also offer bundle discounts for having multiple policies with the same carrier which can make the policy even more affordable.