Renters insurance replaces your belongings if they become damaged or stolen for any individual or family that rents their home, apartment, condominium, etc.
Renters insurance covers your possessions against losses from fire or smoke, lightning, vandalism, theft, explosion, windstorm and water damage from plumbing.
However, renters insurance does not cover floods, earthquakes or routine wear and tear. You can buy separate policies for flood and earthquake damage.
If you are forced out of your home because of a covered loss, your additional living expenses will be covered.
Renters insurance pays the reasonable additional costs, up to policy limits, of temporarily living away from your home if you can't live in it due to a covered claim. It covers hotel bills, temporary rentals, restaurant meals and other living expenses incurred while the claim is being resolved. Coverage for additional living expenses differs from company to company.
Renters insurance also covers your responsibility to other people injured at your home or elsewhere by you, a family member or your pet, and pays legal defense costs if you are taken to court.
Decide how much insurance you need.
Add up the cost of everything you would want to replace if it were damaged or stolen. This could also serve as the basis for an inventory that will make filing a claim easier. For your inventory also record the model numbers, dates and places of purchase. Take photographs or make a video of these items and place a copy of the inventory in a safe place away from your home.
If you rent an apartment or house you need insurance to protect your belongings. While your landlord might have insurance, it only protects the building. Your belongings are not covered under those policies.
This website provides a basic summary of the insurance products offered by Martin & Zerfoss. It is not a statement of contract and coverage may not apply in all areas. For a complete description of coverage, please read the insurance policy, including all endorsements.