Renter's Insurance

What is Renter's Insurance?

Renters Insurance is similar to homeowners insurance but designed to cover your belonging, but it also gives you personal liability coverage. Your personal property is covered for the most common causes of loss. If you have the guarenteed replace cost endorsement on your policy, your belongs can be replace with brand new "like kind and qualitiy" items up to your personal property limits. You can choose liablility limits from $100,000 to $1,000,000 which give you liability coverage if you cause personal or bodily injury, or property damage with a few exclusions with the biggest one being injury or damage by your while driving a motorized vehicle.

Who should have Renter's Insurance?

Anyone that rents where they live or anyone that lives with someone (other than their spouse) and doesn't have ownership in the home or apartment. See Q&A below.

Q:	If I live with my boyfiend in a home he owns, am I covered on his homeowners policy?
A:	No, you would not have coverage for your belonging or have personal liability coverage. You are not a named insured on the policy or automatically covered as a spouce or resident relative. You should have a renters insurance policy to cover your personal property and give you personal liability coverage.
Q:	If my girlfriend and I have an apartment together, can we get one renters policy, or do we both need to have one?
A:	You would both need to have your own renters insurance policy if you both want your belongings covered and you both want to have liability coverage.
Q:	How much is a renters insurance policy?
A:	You would both need to have your own renters insurance policy if you both want your belongings covered and you both want to have liability coverage.