If you’re renting a home or apartment, you might assume your landlord’s insurance has you covered. But in most cases, that policy only protects the building—not your personal belongings or liability.
That’s where renters insurance comes in.
So, what does renters insurance cover exactly? In this guide, we’ll break it down in simple terms, explain what’s not covered, and show how EJC Insurance & Financial can help you find the right policy for your needs.
What Renters Insurance Typically Covers
Renters insurance is designed to protect you—not the landlord. It usually includes three main types of coverage:
1. Personal Property Coverage
This helps pay to repair or replace your belongings if they’re damaged or stolen due to:
- Fire or smoke
- Theft or vandalism
- Water damage from plumbing issues
- Lightning, windstorms, or hail
- Certain types of short-circuits or power surges
Examples of covered items:
- Furniture
- Electronics
- Clothing
- Kitchenware
- Jewelry (up to policy limits)
Tip: Take inventory of your belongings and their value—you’ll be surprised how quickly it adds up.
2. Liability Coverage
Liability protection helps cover legal expenses or medical bills if:
- Someone is injured while visiting your home
- You accidentally damage someone else’s property
Let’s say your dog bites a guest, or your kitchen fire damages your neighbor’s unit. Liability coverage steps in to help.
3. Additional Living Expenses (ALE)
If your rental becomes uninhabitable after a covered event (like a fire or flood), ALE coverage helps pay for:
- Hotel stays
- Temporary rentals
- Meals and basic living costs
This ensures you're not left scrambling for a place to stay during repairs.
What Renters Insurance Doesn’t Cover
While renters insurance offers great protection, it doesn’t cover everything. Most policies don’t include:
- Flood damage (requires a separate flood policy)
- Earthquake damage (often needs an additional rider)
- Pest infestations (like bedbugs or termites)
- High-value items beyond policy limits (art, jewelry, collectibles—unless scheduled separately)
- Your roommate’s belongings (each person needs their own policy)
At EJC, we help you understand your policy limits and whether it makes sense to add coverage for special items or risks.
Why Renters Insurance Is Worth It
Renters insurance is one of the most affordable ways to protect your belongings and financial wellbeing. In many cases, it costs less than $20 per month.
Plus, many landlords now require tenants to carry renters insurance before signing a lease.
At EJC Insurance & Financial, we’ll make sure you get the protection you need—without paying for what you don’t.
FAQ’s
1. Is renters insurance required by law?
No, but many landlords require it as part of the lease agreement.
2. Does renters insurance cover roommates?
Typically no. Most policies cover only the named policyholder and immediate family members.
3. Will renters insurance cover my laptop or phone?
Yes, if they’re stolen or damaged by a covered event—but there may be limits, especially if used for business.
4. Can I get renters insurance if I have pets?
Yes. In fact, renters insurance can protect you from liability claims if your pet causes injury or damage.
5. How much coverage do I need?
That depends on the value of your belongings and your risk level. EJC can help you assess your needs and customize your policy.
