What Does Renters Insurance Cover?
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Personal Property
Covers your furniture, electronics, clothing, and other belongings if they are stolen or damaged by covered events like fire or water damage.
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Liability Protection
Covers legal and medical costs if someone is injured in your rental unit or if you accidentally damage someone else's property.
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Additional Living Expenses
Covers hotel bills, restaurant meals, and other costs if your rental becomes uninhabitable due to a covered event.
Why Do You Need Renters Insurance?
- 1Your landlord's insurance does NOT cover your personal belongings
- 2It's affordable - typically $15-30 per month
- 3Protects against theft, fire, water damage, and more
- 4Provides liability coverage if someone is injured in your unit
- 5Many landlords require renters insurance as part of the lease
Average Renters Insurance Costs
$15 - $30/ month
The average renters insurance policy costs between $15 and $30 per month, or $180 to $360 per year.
Low
$15
/mo
Average
$22
/mo
High
$30
/mo