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Personal Renters Insurance

Why Renters Insurance is Important

Your landlord’s insurance typically covers the building—not your personal belongings.

A renters insurance policy may include several important types of protection. Coverage, limits, and exclusions vary by policy and insurance carrier.

Renters insurance can help protect your furniture, electronics, clothing, and other personal property if they are stolen or damaged by a covered event. It may also provide personal liability coverage if someone is injured in the apartment, home, or other space you rent.

Renters insurance is often overlooked, but an affordable policy can help prevent a significant financial loss when the unexpected happens.

Because every renter has different belongings and coverage needs, it is important to select the appropriate amount of personal property and liability coverage.

An experienced insurance advisor can help you review your options and find a renters insurance policy that fits your needs and budget.

What Does Renters Insurance Cover?

Personal Property Coverage

Personal property coverage can help repair or replace your belongings after a covered loss, such as theft, fire, smoke, vandalism, or certain types of water damage.

Furniture and home décor
Laptops, tablets, and electronics
Televisions and gaming systems
Clothing and shoes
Kitchen appliances and household items
Bicycles and sporting equipment
Jewelry and other valuables, subject to policy limits

Your belongings may also receive coverage when they are temporarily away from your home. For example, your policy may provide limited protection if your laptop is stolen from your vehicle or your luggage is stolen while traveling.

Personal Liability Coverage

Accidents can happen—even when you rent.

Renters liability insurance may help protect you if you are found legally responsible for accidentally injuring another person or damaging their property.

Legal defense expenses
Another person’s medical bills
Accidental property damage
Certain incidents involving pets
Settlements or judgments, up to the policy limit

Your HTA advisor can help you select a liability limit appropriate for your individual circumstances.

Protecting You

Protection for Your Belongings—Even Away From Home

Renters insurance can help protect your personal property from covered damage, theft, and other unexpected losses.

Your coverage may also extend beyond your apartment or rental home. Depending on your policy, renters insurance may help if your luggage is stolen while traveling, your laptop is taken from a coffee shop, or personal belongings are stolen from your vehicle.

Coverage limits, deductibles, and exclusions vary, so it is important to review your renters insurance policy and make sure your belongings are properly protected

Renters Insurance for College Students

Moving into a college apartment or off-campus rental?

Students living in a dormitory may have limited coverage through a parent’s homeowners insurance policy. However, coverage can depend on the policy, the student’s living arrangement, and other eligibility requirements.

Students living in an off-campus apartment or private rental should consider purchasing their own renters insurance policy.

College student renters insurance may help protect:

Laptops and tablets
Smartphones
Gaming systems
Clothing and furniture
Bicycles
Books and school supplies
Personal liability

Before moving into student housing, review the lease and confirm whether the landlord requires proof of renters insurance.

Do Roommates Share Renters Insurance?

Do not assume your roommate’s renters insurance automatically protects you.

Generally, only the people listed as insureds on the policy receive coverage. Depending on the insurance carrier and your living arrangement, roommates may need separate policies.

Having your own renters insurance policy can provide clearer protection for your belongings and personal liability.

Protecting Others

Personal Liability Protection

Some renters insurance policies include personal liability coverage, which may help protect you if someone is injured in your rental home or if you accidentally damage another person’s property.

Depending on the policy, renters liability insurance may help cover legal defense costs, medical expenses, settlements, or property damage claims, up to the selected coverage limit.

Liability coverage is not automatically included with every policy, so it is important to review your renters insurance options and confirm what protection is provided.