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What is renters’ insurance?

by Mikey Patel
September 19, 2022

Renters’ insurance helps cover unexpected events. You may not always be able to prevent certain situations, such as theft, a break-in, or a visitor’s injury, and that’s where renters’ insurance comes in. There are three different types of Renters Insurance:

COVERAGE TYPE PERSONAL PROPERTY WHAT’S TYPICALLY NOT COVERED
Personal property The cost to repair or replace your belongings, such as clothing, furniture, and electronics, up to the limits in your policy Personal property loss over your coverage limit
Liability Insurance* Repairs if you accidentally damage someone else’s property or a guest’s medical bills if you’re found responsible for their injuries Liability protection over your coverage limit
Additional living expenses Additional costs you incur, like hotel bills, if the residence you rent is damaged and left uninhabitable Damage to the structure of the building you’re renting
End of July All non-renewal residents must move out All non-renewal residents must move out

*27 North only requires Liability Insurance, but it’s always suggested to get higher coverage for additional protections
For more information on Renters Insurance visit: https://www.epremiuminsurance.com/Renters-Insurance/FAQ.aspx