A renters insurance policy includes coverage designed to protect tenants living in rented spaces. These policies include coverages meant to protect provide liability protection and coverage for their belongings. Below is a list of coverage typically included in a renters insurance policy.
Contents Coverage
This coverage includes the cost to repair or replace your belongings, such as clothing, furniture and electronics, up to the limits on your policy.
Liability Coverage
This coverage will help pay for the medical bills of a guest if you’re found responsible for their injuries, it will also for repairs if you accidently damage someone else’s property.
Additional Living Expenses
This will help pay for additional costs you incur, like hotels bills and costs for food if the residence you rent is damaged and left uninhabitable.
Medical Payments
This will help cover minor injuries and hospital bills for your guests were they to be injured while visiting your home.