Even if you don’t own a home, you still have a lot at stake. After all, your personal belongings, like clothes, furniture and electronics, have significant value. Renters insurance can help you protect that value without breaking the bank. So no matter where you live, you can rent with peace of mind.
A Travelers renters policy can cover:
You can also select policy enhancements and add-ons such as valuable items coverage or extra coverage for your belongings for full replacement costs regardless of depreciation. Learn more about renters insurance.
Savings for home security and more
Along with our competitive rates, you can get an array of money-saving discounts based on factors like your claim history and your home’s security features, including smoke detectors, dead bolts, fire extinguishers and alarm systems.
Plus, when you buy other policies, like auto insurance, umbrella insurance or boat & yacht insurance, you could save up to 15% on your Renters Insurance.
While your landlord should have insurance coverage for the building in which you live, you need to be aware that that coverage does not extend to protect your personal possessions. Renters insurance provides protection for your furniture and personal possessions – at home or away from home – against damage from such hazards as fire, lightning, windstorm, hail, explosion, smoke, vandalism, and plumbing leakage. A renters policy also protects your property against practically every type of theft loss in your apartment or anywhere in the world.This personal property coverage is also called contents coverage since it insures the contents of your apartment. You determine the value of your property and the renters premium is based on this amount. We can help you if you have questions as to the amount of personal property coverage that’s right for you. Or, you can use our Personal Property Worksheet if you’d like to figure it out on your own.
Since each of us enjoys a unique lifestyle, you may require special coverages for your individual needs. The following coverages can be purchased separately:
Stuff happens…and sometimes it’s not always good. In the event that you are sued, your renter’s personal liability protection helps to cover the associated legal costs and related damages.Most renters policies provide $100,000 (minimum) of financial protection against liability claims and lawsuits brought by others for accidental bodily injury or damage to their property:
Liability protection also includes medical payments coverage.