What does renters insurance cover?
Your renters insurance commonly covers things like theft, fire and smoke damage, water damage from bursting pipes and overflows, and even offers liability coverage.
Ask your agent if you’re concerned about anything specific. For instance, if your area is prone to certain dangers, such as flooding, you’ll have to add that on as a separate coverage.
What is renters liability insurance?
Liability coverage is a part of your renters policy that helps cover the costs due to accidental bodily injury and property damage of others. It also will help cover the cost of lawsuit expenses should something happen in your apartment.
What is medical expense coverage?
Medical expenses covers guests injured in your rental unit. Say a guest breaks their leg by slipping on your freshly mopped floor — instead of using their own health insurance, they can submit their medical bills directly to your renters insurance company.
Keep in mind, this coverage won’t cover your own medical bills or anyone who lives with you — that’s why you have health insurance.
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