The Essential Guide to Renters Insurance

Renters often assume their landlord's policy protects their belongings. It does not. Renters insurance is inexpensive coverage that protects your possessions and shields you from liability.

What Renters Insurance Covers

• Personal property damaged or stolen due to covered events like fire or theft.
• Liability if someone is injured in your rental unit.
• Additional living expenses if your unit becomes uninhabitable.
• Belongings stolen outside the home, such as from your car.

Choosing the Right Coverage

Opt for replacement cost coverage rather than actual cash value so you are reimbursed for what it costs to buy items new, not their depreciated value. Take a video inventory of your belongings and store it in the cloud to make any future claim far easier.

Even renters face disputes when filing claims after a fire or major loss. If your insurer undervalues your belongings, Crossroads Insurance Recovery Advocates can review your claim and advocate for a fair settlement.