Renter's Insurance?

younghoss
Fri, 06 Mar 2009 10:29:56 +0000

As a landlord, I am familiar with renter’s insurance. Not an expert, but familiar. Renters insurance typically covers a renters’ personal property while one lives in a rented unit. The landowners’ policy typically covers the building itself, and sometimes furnishings/appliances if the landowner provides them to the tenant.
“Can I beat that?”(post 16). I don’t even know what you are talking about! Beat what? I don’t sell insurance. My post 7 was in response to the OP who didn’t see the info on insurance she was looking for on the insurance website, so she turned here for answers. I was hinting to her that a better alternative was to contact her local agent for info. She later posted that she did, and got the info she was seeking.
My post 12, like GA’s post 9, were questioning the need for $200k of renters insurance, knowing what renters insurance typically covers- the renters’ property. It sounds to me like if $200k or 300k was required of a renter then it isn’t renters insurance, OR it is renters’ insurance plus something else. 300k Liability? Liability for what? Renter’s insurance covers one’s own property. There may be other insurance required by a landowner of a renter, but don’t confuse that with what is commonly known as renters insurance.

Here’s a quote from the State Farm website:
“State Farm® renters insurance is for anyone who rents a home, be it a house or an apartment.
Renters insurance can protect your personal property against fire, theft and vandalism.”

And another, from Allstate:
"Renters Policy
A Renters Policy will protect your personal property the same way it would if you owned a home. Ask your agent about what level of coverage is right for you. "