Renters Insurance/Personal Property Coverage
May help cover the cost of replacing your stuff if it’s unexpectedly damaged or ruined. Protection generally applies to certain risks, such as fire and theft. So, if your computer and television are stolen, or your furniture and clothing are destroyed by a fire, this coverage may help you pay for the cost of replacing them.
Is another protection typically offered in a renter’s insurance policy. This coverage may help protect you from paying out of pocket for certain costs if you are found legally responsible for injuries to other people or damage to their property.
You probably don’t expect an accident to occur, but if, your child throws a ball through a neighbor’s window or you’re held responsible for medical bills after a guest trips and falls over something in your home, liability coverage may help cover the costs.
Additional Living Expenses
If your rented home were to be damaged by fire, for instance, and you were unable to live in it renters insurance may help.
Renters insurance usually includes coverage for additional living expenses. This coverage may help pay for additional costs you incur, such as hotel bills, or for the increased costs you incur on food that are above the amount you would typically spend. Check your policy to learn how much coverage you have in place for additional living expenses and to review the risks your policy may cover.