Renters insurance covers your personal belongings if they’re stolen or damaged and you if you’re sued for liability. Find out more how renters insurance works.
Renters Insurance at the Lowest Rates
A landlord’s insurance policy won’t cover your personal property. Renters insurance is inexpensive and important to have in case your belongings are damaged, stolen or destroyed. Wondering if you and your roommate both need to buy separate policies? SmartFinancial has answers to all your questions and can match you with an agent offering a renters insurance policy that meets your needs and budget.
The Basics of Renters Insurance
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Key Terms to Know
Frequently Asked Questions
Yes, if you have a security system, fire alarm and sprinklers in your unit let your insurance agent know so they can apply a discount to your policy.
It’s okay to add one person to an insurance policy, but it’s usually a partner or family member. Roommates are encouraged to each buy a policy to ensure coverage. If only one of you has a policy, you may not all get reimbursed for losses, especially if your limits are lower than the losses of every tenant combined.
To ensure that your collectibles and or jewelry have adequate coverage, add a separate rider to your renters insurance policy to cover expensive items which may otherwise go over your policy limits.