WHY YOU NEED RENTERS INSURANCE
Why Renters Insurance Matters
Many renters assume they don’t need insurance because the property itself is already insured. While it’s true that the building is covered, that policy does not protect your personal belongings—and it does not cover your liability if damage occurs due to your residency.
Without renters insurance, you could be left paying out of pocket in situations like:
What Renters Insurance Covers
Renters insurance is an affordable way to protect yourself and your belongings. Many people underestimate the value of what they own. Consider the cost of replacing items such as
Getting Covered
Most residents can get renters insurance quickly through their existing insurance provider—and many companies offer discounts when you bundle policies. In roommate situations, some insurers allow multiple roommates to be listed on a single policy, which may help reduce costs.
For convenience, residents have recommended a few companies over the years. Click here to explore options.
Many renters assume they don’t need insurance because the property itself is already insured. While it’s true that the building is covered, that policy does not protect your personal belongings—and it does not cover your liability if damage occurs due to your residency.
Without renters insurance, you could be left paying out of pocket in situations like:
- A flood or plumbing leak damages your belongings and forces you to move out during repairs
- A fire destroys your possessions and leaves you without temporary housing
- A break‑in results in stolen valuables
What Renters Insurance Covers
Renters insurance is an affordable way to protect yourself and your belongings. Many people underestimate the value of what they own. Consider the cost of replacing items such as
- Clothing
- Furniture
- TVs and audio equipment
- Computers, tablets, and phones
- Sporting equipment
- Jewelry
Getting Covered
Most residents can get renters insurance quickly through their existing insurance provider—and many companies offer discounts when you bundle policies. In roommate situations, some insurers allow multiple roommates to be listed on a single policy, which may help reduce costs.
For convenience, residents have recommended a few companies over the years. Click here to explore options.
