What Is Renters Insurance?
A renters insurance policy covers all your possessions, including clothing, electronics and furniture in the property you rent. A policy may cover the cost of repairing or replacing belongings, liability for damage to someone else's property, medical bills and additional living expenses.
Most apartment complexes and landlords insure only damage to the property itself. To protect your own personal belongings in case of fire, theft or damage, you'll need your own policy, or renters insurance. You can tailor renters insurance to suit your needs. Personal property coverage insures the cost of repairing or replacing your possessions up to a limit specified in the policy. Generally, basic renters policies cover $30,000 to $50,000 for apartments and around $100,000 for private homes.
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Release Time: 2019-11-14 09:00:30