Insurance to protect your property isn’t just for homeowners. If you are living in a rental you can purchase renters insurance to protect your belongings if they are damaged in a covered loss. Many people in rental properties may not be aware that the property owner’s insurance doesn’t cover their personal property if it is damaged in a fire or other covered loss. That is why it is important to contact an insurance agent and ask about buying renters insurance.
Renters insurance is typically much less expensive than homeowners insurance, but check with an insurance agent to meet your specific needs. Our homeowners and renters insurance shopping guide and rate guide price comparison booklet can help you understand how renters insurance works, what you can expect if you buy a policy and — most importantly — what’s a fair price. If you choose to buy renters insurance, it is important to keep a list or inventory of your personal belongings. Your insurance agent can explain what is covered under the terms of your policy and assist you with the inventory process. Typically, property like furniture, clothing and jewelry can all be covered.