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Renting? Make Sure You're Covered with Renters Insurance

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Congratulations! You're renting your own place. You can decorate it any way you want to be a reflection of you and your unique personality.

Even though you don't own your home, you still have a lot invested in your possessions. That's why you need the protection of renters insurance. Don't confuse your landlord's insurance with your needs. Your landlord's insurance covers their property – not yours.

You may think you don't have that much in possessions, but think again. Consider the clothes, furniture, electronics, pots and pans, dishes and sporting goods you own. Their value adds up quickly. If your apartment were broken into or damaged or destroyed by a storm, would you be able to replace everything out of pocket?

Renters Insurance from American Family is an economical way to protect you and the investment you have in your personal possessions.

How much renters insurance do I need?

You'll need enough insurance to replace your personal possessions in the event of a burglary, fire or other disaster. An easy way to get an idea of what possessions you may want to insure is American Family's "Online Apartment".

To help determine the total value of your personal possessions — including furniture, clothing, electronics, appliances, kitchen utensils and even linens — create a home inventory.

Creating a home inventory isn't difficult, especially if you use American Family's DreamVault, a free tool, available on your computer or smartphone, that allows you to list all of your possessions, their descriptions and their value. Once you have a list of everything you own, you'll have a good idea of how much insurance you need.

Insurance tip: Another advantage of a home inventory using DreamVault is that if you ever have a claim or need to report something stolen, the information is right at your fingertips and accessible any time from your computer or smartphone.

What is covered with renters insurance?

Renters insurance from American Family covers these items and more:

  • Electronics (TV, Stereo, etc.)
  • Computers
  • Sports equipment
  • Antiques
  • Jewelry
  • Clothes
  • Furniture
  • Appliances
  • Collectables
  • Home furnishings
  • Art
  • Musical instruments
  • Home office equipment
  • Tools
  • CD / DVD / video game collections

If you have unique or expensive items, check with your American Family Insurance agent [[[insert link to agent locator: http://apps.amfam.com/agentlocator]]] to see if additional coverage is necessary.

What about liability?

Renters insurance includes liability protection that covers you against lawsuits for bodily injury or property damage done by you, your family members and even your pets.

What happens if I can't live in my apartment because of damage?

If your apartment is damaged or destroyed by a covered cause and you need to live elsewhere, renters insurance provides additional living expenses to pay hotel bills, meals and other expenses while your apartment is being repaired or rebuilt.

Am I covered on vacation? Most renters polices include off-premises coverage. This means that belongings outside of your apartment are covered against the same disasters listed in your policy. For example, property stolen while you're on vacation would be covered.

Want to know more about Renters Insurance and the protection it offers? Check with your American Family Insurance agent for a complete description of available coverages.

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