What does renters insurance cover?
If you rent your home or apartment, remember that your possessions are not protected by your landlord’s insurance coverage. Renters insurance can help cover the costs of damage to your possessions and help protect you from the costs of personal liability claims made against you.
Renters personal property coverage
Renters insurance can help cover the costs of damage to or loss of your furniture and personal possessions – at home or away from home – caused by things like fire, lightning, windstorms, hail, explosions, smoke and vandalism. A renters insurance policy can also help protect you if your property is lost due to theft anywhere in the world.
Renters personal liability coverage and liability protection
In the event that a claim is made against you or you’re sued, your renters personal liability insurance coverage can help to cover the associated legal costs and related damages. Most renters insurance policies provide $100,000 (minimum) of financial protection for covered accidental bodily injury or property damage to others. Higher amounts of coverage are available.
Housing improvements
Renters may spend considerable time and money on alterations or improving their rental unit. Under a Travelers renters policy, you may apply up to 10% of your personal property coverage to repair or replace improvements made by you or acquired at your expense if damaged by a covered loss. Higher amounts of coverage are available.
Renters medical payments coverage
Medical payments coverage from Travelers generally covers up to $1,000 per person – regardless of your legal responsibility – when a covered accident involves bodily injury to others. Medical payments coverage does not cover you or your family members but can cover medical bills for injuries to your guests or visitors. Higher amounts of coverage are available. It may also provide coverage in other situations as well, including paying for medical care if:
-
An accident happens away from an insured location. For example, if you’re golfing and you hit a ball that strikes another player, your medical payments coverage can cover medical expenses.
-
An injury happens to someone away from an insured location and is caused by an animal you own.
Additional coverage for renters
Contents replacement cost
Personal Property Replacement Cost Loss Settlement coverage from Travelers provides for settlement of covered personal property losses based on replacement cost at the time of the loss, with no deduction for depreciation. This type of renters insurance coverage is subject to applicable policy limits and deductibles, and special limits apply to certain items such as jewelry, watches and silverware.
Valuable Items Plus coverage from Travelers provides protection for special property such as jewelry, fine art, musical instruments and computers for an extended variety of losses. It allows you to add higher limits of coverage to your renters insurance policy to cover your high-value items. For your convenience, Travelers requires no appraisal or listing of insured items with this additional coverage.
Get a renters insurance quote today
Your landlord likely has insurance coverage for the building itself, but you may need a renters insurance policy to protect your personal possessions. Your renters insurance policy can also help protect you from liability claims if, for example, a visitor accidentally trips over your rug and breaks a leg and makes a claim against you to cover the costs related to their accident. Consider getting coverage that can help you rent with the peace of mind that you are covered.
Get a renters insurance quote online or find a local independent agent near you to get a renters insurance quote for your apartment or home.
More about renters insurance
Renters overview
Whether you've rented before or are just starting out, learn how renters insurance can help cover things you own from loss or damage.
Ways to save
From bundling to smart home systems, Travelers offers many money-saving options.
FAQs
Got questions? We have answers.
Related Products and Solutions
Jewelry & valuable items coverage
From jewelry to collectibles, you may have more valuables than you realize. And your home insurance policy may not provide the coverage you need.
Umbrella insurance
This liability coverage may go above and beyond your car and home insurance policies to help protect you from unexpected events.
Car insurance
Get protection that can give you peace of mind when you're on the road.
Prepare & Prevent
Insights to help you manage risks at home and on the road
Renters Resources
Why You Need a Renters Insurance Policy
Choosing insurance can be daunting, especially for renters who don’t know that they need to protect their personal property. What is renters insurance and why do you need it?
Tips and Resources for Insuring Your Home
Does Homeowners Insurance Cover Theft?
Homeowners insurance generally covers theft from your home and property, and there are several components of a typical home policy that you’ll want to understand to help ensure you get the coverage you need.
Tips and Resources for Insuring Your Home
Does Renters Insurance Cover Theft?
When it comes to protecting your belongings as a renter, you may think you’re fully covered if you have renters insurance. Read on to find out in what ways your belongings may not be covered for theft.
