Revealed Proven Secrets to Securing Best Renters Insurance
What Does Renters Insurance Cover?
Renters insurance policies often cover several critical areas:
- Personal Property: This includes coverage for belongings such as furniture, electronics, and clothing. Policies usually cover losses due to theft, fire, and certain natural disasters.
- Liability Protection: If someone is injured in your home, renters insurance can help cover legal expenses and medical bills.
- Additional Living Expenses: If your rental becomes uninhabitable due to a covered event, your policy may pay for temporary housing and related expenses.
According to the Insurance Information Institute, the average cost of renters insurance is about $15 to $30 per month, making it an affordable option for most renters1.