How Renters Insurance Protects Personal Property and Liability 

Landlord insurance does not address every risk that renters encounter. For instance, coverage for a renter’s personal belongings and liability is typically not included in these policies. Renters insurance can be a helpful option to address these needs.

What Is Personal Property Coverage?

One of the main benefits of renters insurance is coverage for your personal property. This means that if your belongings, such as furniture, electronics or clothing, are damaged or stolen due to events like fire, theft or certain types of water damage, your policy can help cover the cost of repairing or replacing them, up to policy limits. However, certain high-value items may require a policy endorsement to be insured properly.

What Does Liability Protection Mean?

Renters insurance typically includes liability protection, which can be just as important as coverage for your belongings. Liability coverage helps cover you if someone is injured while visiting your rental home or if you accidentally cause damage to someone else’s property. For example, if a guest trips and falls in your apartment or if you accidentally start a kitchen fire that damages a neighbor’s unit, your policy may help cover legal fees, medical bills or repair costs.

Why Should Renters Consider Coverage?

Renters may encounter various risks in their homes, including unexpected events and everyday accidents. Without renters insurance, you could be responsible for paying out of pocket for losses or liability claims. Moreover, some landlords require a renters policy as a lease condition.

Get Covered Today

Our team at Compass of California Insurance Services can help you review your options and find a policy that fits your needs and budget. Contact us to learn more about renters insurance and how we can help you stay covered in Napa, CA.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.