Your landlord's policy covers the building. It does not cover your things. That is the gap renters insurance is built to fill.
What it can cover
- Personal property, such as furniture, clothing and electronics, after a covered loss like a fire or theft.
- Personal liability, if someone is hurt in your home and you are found responsible.
- Additional living expenses, if a covered loss means you cannot stay in your place for a while.
What it usually does not cover
Flood and earthquake damage are typically excluded and need their own coverage. High-value items like jewelry can have limits, which is where a separate jewelry policy can help.
How much do you need?
Walk through your home and add up what it would cost to replace everything. Most people are surprised by the total. That number is a good place to start the conversation.
