Get Peace of Mind With Renters Insurance Quotes

Types of Coverage

Renters insurance typically includes three main types of coverage:

• Personal Property Coverage: This covers the cost of replacing your belongings if they are damaged or stolen. Policies usually have a limit, so it's important to assess the value of your possessions to ensure adequate coverage.
• Liability Coverage: This protects you in case someone is injured in your home or you accidentally damage someone else's property. It can cover legal fees and medical expenses.
• Additional Living Expenses: If your rental becomes uninhabitable due to a covered event, this coverage helps pay for temporary living expenses, such as hotel bills and meals.

Factors Affecting Premiums

The cost of renters insurance varies based on several factors, including the location of your rental, the amount of coverage you need, and the deductible you choose. On average, renters insurance costs around $15 to $20 per month¹. However, you can often find discounts if you bundle your renters insurance with other policies, such as auto insurance².