Protecting You and Your Possessions
You can get a quote for renters insurance in just a few minutes. Renters insurance can help safeguard your possessions and may protect you from personal liability. Renters insurance may aid you in taking steps to help protect what you own, in the home that you don’t.
Renters Personal Property Coverage
Renters insurance can provide protection for your furniture and personal possessions — at home or away from home — against losses such as fire, lightning, windstorms, hail, explosions, smoke and vandalism. A renters policy can also protect your property against many types of theft loss in your apartment or anywhere in the world.
Renters Personal Liability Protection
In the event that a claim is made against you or you are sued, your renters personal liability coverage can help to cover the associated legal costs and related damages. Most renters policies provide $100,000 (minimum) of financial protection for covered accidental bodily injury or property damage to others. Higher amounts of coverage are available.
Medical Payments Coverage
Liability coverage generally can pay up to $1,000 per person — regardless of your legal responsibility — when a covered accident on your property involves bodily injury to others. It also can provide coverage in other situations as well. Higher amounts of coverage are available.
Additional Living Expenses
If you are forced out of your apartment by a covered loss, loss of use coverage can provide up to a percentage of the personal property coverage (also referred to as Coverage C) for necessary additional living expenses (such as hotel, meals, laundry, etc.) while your damaged apartment is being repaired. This is subject to coverage terms and limits. Higher amounts of coverage are available.
Renters may spend considerable time and money on alterations or improving their rental unit. Under a renters policy, you may apply up to 10% of your personal property coverage to repair or replace improvements made by you or acquired at your expense if damaged by a covered loss. Higher amounts of coverage are available.
Contents Replacement Cost
Personal property replacement cost loss settlement provides for settlement of covered personal property losses based on replacement cost at the time of loss, with no deduction for depreciation. The coverage is subject to applicable policy limits and deductibles and special limits apply to certain items such as jewelry, watches and furs.
Valuable Items Plus
Valuable items plus coverage provides protection for special property such as jewelry, fine art, musical instruments and home computers for an extended variety of losses and can provide higher limits of coverage. For your convenience, no appraisal or listing of insured items is required.
Ways to Save
You can save up to 5% on car insurance when you also have a renters policy with Travelers. Additional savings may be available if you have an umbrella, boat or personal articles floater policy with Travelers.
If you have not had a claim on your renters insurance for a specified time period, you may be eligible for a discount.
Protective Device Discounts
Travelers offers other ways to save on your renters insurance. You may be eligible for savings if the property you rent has these types of protective devices:
- Interior sprinkler systems.
- Home security system, such as theft alarms.
- Smart or connected home technology that alerts you to a fire or break in.
Frequently Asked Questions
Explore renter insurance questions, from what renter insurance covers, to how to get a quote. Get answers to your renter insurance FAQs at Travelers.
Through the program, you may have access to exclusive savings on renters insurance. These savings are not available to the general public on renters insurance.
Many people that rent don’t actually know they need renters insurance. Sure, your landlord may have insurance for the building, however, that coverage does not extend to your personal property or liability.
Renters insurance can help protect you from the unexpected. Think what would happen to your furniture, clothing or electronics if there was a fire, sudden water damage from a broken pipe or a burglar broke into your apartment and took your belongings. Now think about what would happen if someone slipped in your kitchen or your pet accidently damaged someone’s property. Renters insurance can help cover your belongings, temporary housing, your legal liability including defense costs, medical bills for others and more.
Most renters policies have 3 key elements: the premium which is how much you pay for coverage, deductibles which is how much you’re responsible for out-of-pocket in the event of a covered claim, and limits which is the most your insurer will pay for a covered claim.
Also, did you know that having renters insurance may also lower your car insurance? It’s a win-win.
Your insurance representative can help you determine the renters coverage that best fits your needs and budget, but a typical policy can cover:
- Your personal belongings
- Your personal liability and defense costs
- Additional living expenses if you cannot live in your rental due to a covered loss or repairs
- Improvements you make to your rented property
A few key questions.
- How much of a deductible can you afford to pay if you have a loss?
- How much would it cost to repair or replace your belongings?
- Do you have any valuables that require extra protection?
- Do you have frequent visitors over?
- Have you made any improvements to your rental worth protecting?
- Do you qualify for any discounts?
Licensed insurance representatives are happy to walk you through all of this step by step, and can help you review your needs.
Choosing a renters insurance policy starts with choosing the right insurance company. Travelers has been one of the nation’s leading and largest property casualty companies for over 160 years. We offer a variety of policy options and packages to help you get the coverage that meets your unique needs.
We can provide you with information to help you protect the place you call home. We also give you peace of mind with a claims process that is simple and stress free.
If you are an employee or member of one of our participating employer, credit union or association groups, you could be eligible for special program savings. Plus, Travelers offers discounts for multiple policies, security systems or fire protective devices, smart home technologies, loss-free history, and more. Discounts vary by state and eligibility. Your representative can help apply the discounts for which you qualify.
The cost of insurance, or premium, partly depends on the coverages, deductibles and policy limits you choose. Here are a few tips that can lower your premium:
- Talk to your insurance representative about your insurance needs and eligibility for discounts
- Invest in smoke detectors, interior sprinkler systems, home security and smart home technologies
- Bundle or purchase multiple policies with Travelers, such as car, boat and umbrella insurance
Personal property coverage (Coverage C) is a key part of all renters policies. It pays to replace personal items in your rental like furniture, clothing or electronics that may be damaged by a covered loss.
Other assets like cash, collectibles, jewelry, furs and silverware may have limited coverage, but additional coverage may be available with a valuable items endorsement or a separate policy. Think about what it would cost to repair or replace your personal belongings and valuable items, and if additional coverage would make sense for you.
Liability insurance helps protect your assets and cover your defense costs if you or a household family member is found legally responsible for causing injury to other people or their property. It can provide coverage for bodily injury, property damage, medical payments and legal expenses.
Do you have a high level of risk or many assets to protect? You can always discuss your liability coverage needs, options, deductible and policy limits with your insurance representative.
If you are unable to occupy your rental due a covered loss or repairs, additional living expenses coverage can help you pay for increased temporary housing and some living expenses. This includes hotels, meals, laundry and other related expenses.
Coverage for damage to improvements, alterations and installations you’ve made to your rental property. It is also be known as building additions and alterations coverage. If you financed any of these improvements, your lender may require certain coverage options and limits.
Think about what it would cost to repair or redo any of these improvements. Then talk it over with your insurance representative.
A deductible is the amount of a covered claim that is your responsibility. And a policy limit (or “limit of liability”) is the maximum amount your insurance company will pay for a covered claim.
Some renters opt for a higher deductible in favor of a lower premium. But if the unexpected happens, you need to make sure the amount you choose as a deductible is one you can afford to pay out of pocket. An insurance representative can help you balance your individual needs.
If you have liability insurance, you may have some coverage for bodily injury, property damage, medical payments and legal expenses if you or a family member is found responsible. It does not cover personal injury claims for you or any family members that live with you.
Damage or theft of personal belongings can be covered under personal property coverage of a renters policy. This coverage helps protect items like electronics, sporting equipment and furniture up to your policy limit. It also covers your personal items when they are outside of your rental, like if your computer got stolen from your car or hotel room.
Cash, collectibles, jewelry, furs and silverware may only have limited protection and may require a valuable items endorsement or a separate policy.
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