Renters Insurance

If you’re renting a home, investing in renters insurance is one of the most critical steps to protect yourself and your belongings financially. While your landlord’s property insurance may cover the building itself, it doesn’t cover the contents of your apartment. It also can’t financially protect you if someone sues you for an accident in your rented space.

What Is Renters Insurance?

Renters insurance is for individuals renting or subletting their dwelling, such as a single-family home, apartment, duplex, studio, loft or townhouse. It can cover the cost of replacing personal belongings in case of unexpected circumstances.

A renters insurance policy is wise since it’s affordable and easy to acquire. You might not believe you own anything of significant value, but you likely have more than you could comfortably replace if a burglary or fire occurs.

What Does Renters Insurance Cover?

Details vary per policy, but a typical renters insurance policy may cover the following:

• Possessions—This may cover the contents of your rental home, such as your furniture, electronics, clothing and some appliances, up to policy limits.

• Personal liability—This can offer financial assistance if you accidentally cause bodily injury or property damage to someone else.

• Additional living expenses—This may cover temporary housing costs if your rental becomes uninhabitable because of a covered event.

How Much Renters Insurance Do I Need?

Determining how much renters insurance you need depends on the total value of your belongings and how much liability coverage you want. Conduct a home inventory and estimate the cost of replacing your belongings. This will give you an idea of the renters insurance cost and the coverage you need. Your Eaton Insurance representative can also help assess your needs and recommend coverage levels.

Explore Coverage Options

Don’t wait for a mishap to realize the importance of renters insurance. Contact Eaton Insurance today to find coverage options that are suitable for you.