A: If you are renting your home you are eligible to purchase renters insurance.
Renters insurance is available to protect:
- Personal Property
- Loss of Use
- Liability
- Medical Payments
Personal Property protection is included in a renters insurance policy and protects your personal items and household contents in the case they are stolen or destroyed by a peril covered in your policy. These items may include, but are not limited to, furniture, clothing, and sports equipment. Use our guide to conduct a home inventory. (Some types of property have limits placed upon them- contact an agent for more information on these items.)
Loss of Use coverage provides for your living expenses in the event that you cannot live in your home due to a covered peril. This type of coverage typically covers hotel and restaurant bills and other living expenses you may incur while your home is being repaired.
Personal Liability Protection covers you in the event that a lawsuit is presented against you for bodily injury or property damage that you or your family members cause to other people. Your pets are also included in this portion of your policy protecting you against bodily harm or property damage they may cause to others. Please note that not all dog breeds are covered under a standard rental insurance policy. See our article about dog bites for more information.
Medical Payment coverage (also referred to as MedPay) covers medical expenses that you might be held responsible for due to an injury sustained on your premises or because of you or your family’s, personal activities. For more specific information about this type of insurance, contact a home insurance agent.
Have other questions about renters insurance or how to get started? Visit our FAQ page to see questions that have been posted by our customers. Or- post a question that you would like to see answered! Want to speak with one of our licensed agents? Enter your phone number here and one of our agents will call you. Or call an agent directly at 1-877-50-MyHome.
Last Updated: April 16, 2008 10:15 AM EST
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