Renters insurance is a type of insurance policy that provides coverage for your personal belongings and liability protection in case someone is injured while on your rented property.

While renters insurance is not required by law, it is highly recommended to protect your belongings and provide liability coverage. Your landlord’s insurance will not cover your personal property in case of theft or damage.

Renters insurance typically covers your personal belongings, liability protection, additional living expenses if your rental becomes uninhabitable, and medical payments if someone is injured on your property.

The cost of renters insurance can vary depending on factors such as the amount of coverage you need, the location of your rental property, and your deductible. On average, renters insurance can cost between $15 to $30 per month.

To choose the right renters insurance policy, consider the value of your personal belongings, the level of liability coverage you need, and any additional coverage options you may want. It’s also important to compare quotes from different insurance companies to find the best price for the coverage you need.