Renters Insurance

The renters insurance policy, also referred to as a tenant's policy, provides coverage for your personal property and personal liability.

It also provides coverage for your personal property against theft or damage subject to the limits and deductibles you select. The coverage applies when you are away from home, when your personal property is in a storage facility, and with some insurance companies, anywhere in the world. Policies cover replacement costs of your personal property.

Why would I want to buy renter's insurance?

If you live in an apartment or a rented house, renter’s insurance provides important coverage for you and your possessions. A standard renter’s insurance policy protects your personal property in many cases of theft or damage, and may pay for temporary living expenses if your rental is damaged. It can also shield you from personal liability. Anyone who leases a house or apartment should consider this type of coverage.

What if I share my apartment with a roommate? Do we both need to have renter's insurance?

Standard renter’s policies cover only you and relatives that live with you. If your roommate is not a relative, each of you will need your own renter’s insurance policy to cover your own property and to provide you liability coverage for your own actions.