Renters Insurance

Coverage for all your personal property and belongings can be more affordable than you think.

Approximately 80% of renters don’t have insurance which is quite a staggering number considering a typical renter’s insurance policy usually costs between $150 – $300 a year.

Protect What You Own

An affordable way to protect yourself from the unexpected.

Protect your belongings at a price you’ll love…

If you’ve ever asked yourself if you needed renters insurance, the answer is probably yes. Imagine coming home and finding your apartment broken into and completely ransacked—gone are your expensive electronics and your grandmother’s fine china. Or your return from a nice, relaxing vacation, only to find a fire occurred in your kitchen? You can’t always assume that your landlord will pay for the stolen possessions or the damage. To help recoup your losses, you would need a renters insurance policy.

Your renters insurance covers:


    • Damage to furniture, clothing, and other personal items


    • Your personal belongings, whether they’re in your home or elsewhere


  • Personal liability for another’s injury or their property if damaged


  • Hotel expenses if needed


Renters’ insurance is an insurance policy which provides most of the benefits of homeowners’ insurance. This includes liability insurance. The tenant’s personal property is also covered against named perils such as fire, theft and vandalism.


Renters’ insurance does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure. The owner of the building is responsible for insuring it, but bears no responsibility for the tenant’s belongings. However, renters insurance covers it all from your clothes and furniture to electronics and even more! You’re reimbursed not by their depreciated value but for what they were cost to buy new.

Renters insurance covers you two types of ways:


    •   Contents Coverage – When your personal belongings are damaged or stolen, your policy contents coverage reimburses you up to your policy terms and limits.

      • – Personal property coverage anywhere in the world.

      • – Coverage for loss due to… fire, lightning, windstorm, theft, explosion, smoke, vandalism, hail, artificial electrical current, weight of ice, snow, and sleet, falling objects, etc. (some restrictions may apply).

      • – Additional living expense coverage included as well.


      •   Personal Liability Coverage – Liability coverage protects you in the event of negligent damage that you may cause to the property of others, including apartment property. It also protects in the event of bodily injury to others.

        • – Includes legal defense

        • – Medical payments to others

        • – Claim expenses

        • – First aid expenses

        • – Damage to property of others

About 80% of renters do not carry renters insurance. About 60% of them believe it’s too expensive despite the fact the average premium payment is $15.75/month. That means you only pay $189 a year when you multiply the monthly payment average by 12 months ($15.75 x 12=$189).


Still think that’s too expensive? But comparing the cost of how much the average American spends on unnecessary expenses versus the cost of renters insurance… still think it’s too expensive?


    •   Coffee – 50% of the American workforce spends approximately $80/month buying coffee.


    •   Lunch – Approximately $148/month is spent by 66% of American workers on eating out for lunch.


  •   Movies – Average cost for two people to go out to the movies once a month at $7.96 each ticket is $15.92/month (less than the average cost of renters insurance per month).


The cost of renters insurance and the amount of personal property coverage you need depends on how much your property is worth. To get a better understanding of your coverage needs, ask yourself the following questions:


    •   How much are my belongings worth?


    •   Could I afford to buy it all back again if it were destroyed in a fire or stolen?


  •   What would I do in the event of a liability lawsuit against me?


Own a home?

Homeowners insurance may help protect your house, belongings, and even you if the unexpected occurs. Typical policies include four key types of protection—dwelling, other structures, personal propterty, liability coverage.