What does renters insurance cover?

Renters insurance is similar to any insurance policy in that it’s designed to protect you and your belongings. However, unlike homeowners insurance, renters insurance isn’t designed to protect the structure/dwelling itself, just the property within the structure. Many renters opt out of investing in this type of coverage. However, there are many benefits and protections that this form of insurance provides. Our team at Idaho Select Insurance is committed to educating Meridian, ID renters on the protection and benefits that renters insurance can provide. 

What is Covered Under Renters Insurance?

Renters’ insurance is designed to provide three different forms of coverage/protection. It provides coverage for your personal property, additional living expenses if you have to leave your dwelling due to damage or if it becomes uninhabitable, and liability coverage and protection for injuries or damages to other people’s property while at your dwelling. 

Renters insurance also provides coverage for damage or losses you may incur as a result of certain natural disasters or perils. These natural disasters include windstorms, hail, fire, lightning, snow/ice collapse, and rain. Other coverage includes smoke damage and damage caused by falling objects. Theft is also covered under a renters’ insurance policy. 

In other words, if you’re forced to leave your location or dwelling because it’s uninhabitable, renters insurance will cover your displacement by paying for your living space. It will also cover the theft of items outside of your home. It also provides liability protection for people who visit your home and get injured or suffer damage to their personal property. If you have questions about renters insurance, give us a call. We’d be happy to answer your questions and discuss your options.