Renters Insurance

There are lots of things your landlord’s insurance won’t cover, such as damage that you cause to your home by accident or if your home is broken into.

Renters insurance can help cover the costs of:

• Fires
• Vandalism
• Theft
• Windstorms
• Power outages
• Smoke damage
• Water damage
• Visitor injuries
• Other natural disasters

Your renters insurance covers damages towards electronics, appliances, furniture, and even clothing.

Is Renters Insurance Worth It?

Renter’s insurance only costs about $15 a month, which is less than $200 a year! If you have a car, you may also want to consider bundling your renters and car insurance. Ask your insurance company, or call Quote Purple to get a quote from a trusted partner.

Always remember that you are liable for any accidents on your property, and replacing stolen items can become incredibly expensive. If you’re still unsure about getting coverage, speak with one of our partners to help calculate the cost of your personal property and compare renters insurance quotes.

What Does Renters Insurance Cover?

Similarly to home insurance, renters insurance covers personal liability, property, and any additional living expenses.

Personal Liability

This coverage helps cover the cost of any bodily injury that happens on your property if you’re found liable. Let’s say you’re cooking with friends and someone accidentally burns their hand on the stove. Since you’re liable for your friend’s injury, your renters insurance will cover the cost of your friend’s medical bill.

Personal Property

This coverage allows you to replace any property that was damaged or stolen in the event of an accident in your home like a fire. Remember that your landlord is only responsible for rebuilding the home, itself. Your personal belongings are not covered under their homeowners insurance. Check with your insurance provider, or talk to Quote Purple about what limits you may have on your current renters insurance.

Loss of Use

This coverage provides hotel and other additional living expenses you’ll have if you need to leave your home. If there’s significant damage to your home that requires you to vacating your home, your renter insurance will cover your accommodations.

Additional Coverage

If you need additional coverage, or want to learn more about how renters insurance can benefit you, speak to one of our partners today.