Renters Insurance 101

Renters insurance covers your personal belongings and provides liability protection inside a rented dwelling.

What it covers Personal property (theft, fire, water damage), liability, additional living expenses, medical payments for guests.

What it doesn't The structure itself (your landlord's policy) and most flood or earthquake damage.

Why it's worth it $120–$300 per year for $20–$50k of personal property coverage and $100k+ of liability. Often required by landlords.