Back to Basics: Renters Insurance

Renters insurance is an affordable way to protect your belongings and your financial security, yet nearly 45% of U.S. renters don’t carry a policy, leaving them exposed when something unexpected happens. If you rent a home, apartment or condo, understanding renters insurance can help protect you after a loss and minimize costly disruptions.

Renters insurance covers more than just your personal belongings. Below is a clear breakdown of what a standard policy typically includes.

Personal Property

Personal property coverage replaces or repairs items like furniture, clothing and electronics if they are damaged or stolen. If your laptop is taken from your apartment or a fire damages your furniture, this coverage pays to replace what you own so you can move forward without a major financial setback.

Personal Liability

Personal liability coverage protects you from legal expenses, medical bills and repair costs if someone is injured in your rental or if you accidentally damage someone else’s property. This protection addresses high-cost claims directly, rather than leaving you responsible for those expenses out of pocket.

Medical Payments

Medical payments coverage covers minor medical expenses if a guest is injured in your rental, regardless of fault. This coverage typically applies to common accidents, such as slips or falls, and pays for immediate medical care.

Additional Coverage Options

Renters insurance can also be customized with optional coverages that expand protection, such as personal property replacement cost, earthquake coverage, sinkhole coverage and personal umbrella policies. Each option adds a specific layer of coverage, and your trusted Rockingham Insurance agent can walk you through the details of your policy and help determine which enhancements make sense for your specific situation.

Bundle and Save

Many renters reduce their premium by qualifying for available discounts, including:

• Bundling renters and auto insurance for savings on both policies
• Earning discounts for protective features like smoke detectors, fire extinguishers or security systems
• Requesting a quote at least seven days before your policy starts to qualify for an advanced quote discount
• Maintaining continuous, loss-free coverage with Rockingham or another carrier

Remember: Your landlord’s insurance protects the building, but it doesn’t protect what makes it yours. Renters insurance helps cover your personal belongings, provides liability protection and can assist with temporary housing if an unexpected event occurs. With coverage often costing less than twelve dollars per month, it’s a simple and affordable way to protect your everyday life.

Whether you’re moving into your first apartment or settling into a long-term rental, the right renters insurance policy offers peace of mind and financial protection when you need it most.

Reach out to your trusted Rockingham Insurance agent today for guidance and support when it comes to renters insurance.