Revolutionize Your Finances Smart Guide to Renters Insurance

Types of Coverage

Renters insurance policies typically include three types of coverage:

1. Personal Property Coverage: This covers your belongings, such as furniture, electronics, and clothing, against risks like theft and fire. It's essential to assess the value of your possessions to choose the right coverage limit.
2. Liability Coverage: This protects you against legal liabilities if someone is injured in your rental or if you accidentally cause damage to someone else's property. Standard policies usually offer at least $100,000 in liability coverage².
3. Additional Living Expenses: If your home becomes uninhabitable due to a covered peril, this coverage helps pay for temporary housing, meals, and other expenses incurred while your home is being repaired.