Definition
Insurance that protects your personal belongings in a rental property and covers liability in case of accidents.
What to consider
- Make sure it covers all your personal belongings.
- Review the deductible and coverage limits.
- Update your policy if your possessions or needs change.
Real world scenarios
- Dylan purchases renters insurance to protect his electronics and furniture from potential theft or damage.
- After a kitchen fire in her apartment, Camila files a claim under her renters policy to replace smoke-damaged belongings.
- When Sarah’s friend slips and injures themselves at her rented townhouse, liability coverage from her renters insurance helps cover medical bills.
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