Renter's Insurance

What is Renter's Insurance?

• an Insurance policy that provides some of the benefits of homeowners insurance but it does not include coverage for dwelling or structure

• a policy for someone who rents out a home they own. This type of insurance typically includes two different types of coverage: property and liability protection. Both coverages are intended to help protect you from financial losses.

• a contract between you and the insurance company that protects you against financial loss in the event of an accident or theft

Who needs renters insurance

• Anyone planning on renting an apartment or home

• Anyone planning on renting out an apartment or home

Coverage options

• personal property

• theft

• liability

• all of the above

What does renters insurance cover?

• items damaged by fire or smoke

• items stolen or vandalized

• injuries caused by animals

• all of the above

Renters Insurance costs $117

• True

• False

Bonus: Why do people need renters insurance?

• To protect themselves from property damage, additional living expenses, and liability

• To make sure nothing bad happens to the people renting their apartment

• Because they should

• In case if something bad happens