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Why Choose Renters Insurance?

When renting an apartment, house, or other property, renters insurance is a wise financial choice to protect yourself from the unexpected for several reasons.

Protection Against Unforeseen Events

Renters insurance covers losses from various incidents such as theft, vandalism, fire, and certain natural disasters.

Landlord Requirements

Renters insurance isn’t required by law, but some landlords or rental companies may require it before you can move in.

Coverage Specifically for Tenants

A landlord’s insurance primarily protects their building and interests, not your personal belongings or any liability claims you might face.

Protection for Your Stuff

Many people own more than they realize. Renters insurance can help cover the cost of replacing your personal items, such as furniture, electronics, and clothing, in case of theft or damage.

Liability Coverage

If a guest is injured in your rented space, renters insurance can help cover their medical bills and protect you from potential lawsuits.

Temporary Living Costs

If your home becomes uninhabitable due to a covered event (like a fire or serious water damage), renters insurance can assist with the costs of temporary living arrangements.

Coverage While Traveling

Some policies extend coverage to your belongings even when you’re traveling.

Affordable Peace of Mind

The cost of renters insurance is generally low compared to the potential financial burden of replacing lost or damaged belongings.

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What Does Renters Insurance Cover?

Renters insurance policies include a group of coverages that help pay for damaged or stolen items, living arrangements after a covered loss, and personal liability claims, including medical payments to others.

 Personal Property Coverage:

Repairs or replaces your belongings after a covered event, including many natural disasters, fire, and theft.

Loss of Use Coverage:

Helps with temporary living expenses, such as food, hotel, and transportation costs, if a covered loss makes the rental unlivable.

Personal Liability & Medical Payments Coverages:

Helps pay for others’ medical and property repair bills and your legal fees if you are ever held responsible for an incident on the property you rent.

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How Much Does Renters Insurance Cost?

Renters insurance can be a surprisingly inexpensive way to have peace of mind as a tenant. In fact, it tends to be one of the most affordable insurance types. On average, most renters insurance policies start at around just $15 per month — about the cost of a lunch out. However, prices can vary based on several factors, including:

• The location of your rental property
• How much coverage you need
• The deductible you choose
• Your eligibility for certain discounts

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Auto and Renters Insurance

Ready to protect more than just your car? Direct Auto has you covered!

We offer same-day coverage, affordable rates, flexible payment options, and a package discount in many states when you combine renters with your auto insurance policy. Other savings may be available, too.