Renters Insurance Liability Coverage
What Is Renters Liability Insurance?
In the event a claim is made against you or you are sued as a result of a covered occurrence, your renters personal liability insurance can help cover the cost of your legal fees and related damages. Most renters liability policies provide a minimum of $100,000 of coverage for accidental bodily injury to others and damage to others’ property.
For example, if a visitor trips and falls in your apartment and breaks a leg, your renters insurance policy is designed to help protect you from the costs of a liability claim made against you for the accident.
How Much Renters Liability Coverage Do I Need?
Many renters policies provide a minimum $100,000 of coverage for liability claims and lawsuits brought by others for accidental bodily injury or damage to their property, in the following situations:
- While in your apartment or rented home.
- Caused by your personal activities, including most sports.
- Caused by your children or pets.
Another type of liability coverage in a renters liability insurance policy is coverage for medical payments to others. When a covered accident on your property involves bodily injury to others, a renters insurance policy typically pays up to $1,000 per person for necessary medical expenses — regardless of your legal responsibility. Typically, you can pay a higher premium to increase your coverage limits.