Advertiser Disclosure

advertising disclaimer
Skip to main content
Lease Agreement

What Is Renters Insurance, and Do You Need It?

Renters insurance will protect you from losses, even when they happen at a property you don’t own.

[Updated: May 06, 2021 ] Nov 11, 2019 by Maurie Backman

Get our 43-Page Guide to Real Estate Investing Today!

Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.

Items Covered Limits Personal Possessions
Personal Possessions Damage to personal items within the rental. Theft, rioting, and vandalism. Belongings stolen from inside your car. Flood, hurricane, or earthquake. Damage to the vehicle. Limited coverage for jewelry or high-value collections. Anything (even covered items) that are over your limit.
Additional Living Expenses Hotels, meals, laundry, pet boarding Damage to the physical property. Anything (even covered items) that are over your limit.
Liability Protection Legal fees, medical bills, financial claims Anything (even covered items) that are over your limit.

Got $1,000? The 10 Top Investments We’d Make Right Now

Our team of analysts agrees. These 10 real estate plays are the best ways to invest in real estate right now. By signing up to be a member of Real Estate Winners, you’ll get access to our 10 best ideas and new investment ideas every month. Find out how you can get started with Real Estate Winners by clicking here.