What is covered by renters insurance?

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SPEAKER: From your computer to your couch, as a renter, you have a lot more to protect than you think, and renter's insurance is an easy and affordable way to protect your belongings, and it even protects you when you're on the go. The best part, this affordable coverage is often less than two of your favorite fancy coffees a month.

With renter's insurance, you'll have three main types of protection, personal property coverage, liability coverage, and additional living expenses.

Landlords Insurance

If your apartment is damaged from things like fire or water, your landlord's insurance will only cover the building, not your belongings, and if it's broken into, you'll be on the hook for covering the cost to replace any belongings that are stolen. That's where personal property coverage steps in.

Personal Property Coverage

This coverage protects your belongings inside your apartment, and when you're out and about on the go. To determine the amount of personal property coverage you need, add up the cost of your belongings, like a bike, jewelry, and electronics. Your coverage types and limits should be enough to replace your stuff should the unexpected happen.

Liability Coverage

Renter's insurance also offers liability coverage, which provides some protection for medical bills or lost wages if someone is injured in your home, or if you injure someone away from home depending on your coverage limits, the cost to replace or repair damages you cause to another person's property, and legal costs if you're sued by your landlord or someone else for damages you caused to their property. It even covers additional living expenses, like a hotel and food if your apartment is uninhabitable due to a covered loss.

Now that you know how renter's insurance benefits you, connect with an American Family Insurance agent to get a quote and see how simple and affordable it is to protect all the things that matter most to you.