

Renters insurance is cheaper when bundled with car insuranceīefore you shop for renters insurance, you’ll want to understand the two different ways that policies pay out for lost items. Make sure to read your policy’s documents to get a better idea of what is and isn’t included in your policy. However, if these things are a concern for you, you can get coverage for these events separately - the National Flood Insurance Program offers flood insurance for renters, and some residential insurers offer earthquake insurance for renters.Īs with any insurance policy, the coverage included in a given policy can vary by insurer. There are some notable situations where renters insurance generally doesn’t apply, including: Some common situations where it can come into play include: Renter’s insurance can come in handy in a number of situations. What does (and doesn't) renters insurance cover For example, if a friend comes over, hurts themselves accidentally in your apartment and sues you, your renters insurance policy could help cover your legal costs. Investing +More All Investing Best IRA Accounts Best Roth IRA Accounts Best Investing Apps Best Free Stock Trading Platforms Best Robo-Advisors Index Funds Mutual Funds ETFs Bondsįinally, renters insurance can also cover your liability, including bodily injury or property damage done to others. Help for Low Credit Scores +More All Help for Low Credit Scores Best Credit Cards for Bad Credit Best Personal Loans for Bad Credit Best Debt Consolidation Loans for Bad Credit Personal Loans if You Don't Have Credit Best Credit Cards for Building Credit Personal Loans for 580 Credit Score Lower Personal Loans for 670 Credit Score or Lower Best Mortgages for Bad Credit Best Hardship Loans How to Boost Your Credit Score
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