What is 'Renter's Insurance'

A form of property insurance that provides coverage for a policy holder's belongings and liability within a rental property. Renter's insurance applies to persons renting or subletting a single family home, apartment, duplex, condo, studio, loft or townhome. The policy protects against losses to the tenant's personal property within the rented property. In addition, a renter's insurance policy protects against losses resulting from liability claims, such as injuries occurring on the premises that are not due to a structural problem with the property (in this case, the owner's - not renter's - policy would apply).

BREAKING DOWN 'Renter's Insurance'

Increasingly, proof of renter's insurance is required by many landlords. Personal belongings within a rented property are typically not covered under the owner's or landlord's property insurance. For example, if a fire destroys all the personal property within a rented apartment, the structure would be covered under the landlord's policy, but the personal property would only be covered through a renter's insurance policy. Without this coverage, the tenant would be responsible for the loss out-of-pocket.


You Also May Be Interested In The Following Personal Line Coverage

Jackson Insurance Solutions is a full service independent insurance agency located in New Mexico.  You may also be interested in the following coverage.

Personal Auto Insurance - Home Insurance - Renters Insurance - Rental Property Insurance - Umbrella Insurance - Motorcycle Insurance - Motorhome Insurance - Builders Risk Insurance
Mobile Home Insurance -Boat Insurance


References:

What is home owners insurance - Investopedia

 

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Jackson Insurance Solutions provide personal line insurance for the state of New Mexico serving the communities of Albuquerque, Rio Rancho, Edgewood, Tijeras, Cedar Crest, Sandia Park, Golden, Madrid and Cerrillos.