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Renters

Protect the value of your belongings with renters insurance

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:

  • Damages to furniture, clothing and other personal items
  • Your personal belongings, whether they’re in your home or elsewhere
  • Personal liability for another’s injury or their property, if damaged

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:

  • Contents Replacement Cost: pays full cost to repair or replace most personal property in your apartment with no deduction for depreciation.
  • Valuable Items Plus: provides higher limits and worldwide protection for special property such as jewelry, silverware, fine art, furs, cameras, firearms, musical instruments, and home computers for an extended variety of losses. For your convenience, no appraisal or listing of insured items is required.

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:

  • while in your apartment
  • caused by your personal activities, including most sports
  • caused by your children or pets.

Liability protection also includes medical payments coverage.

If you are forced out of your apartment by a covered hazard, most policies pay you up to 20% of the contents coverage for necessary additional living expenses (hotel, meals, laundry, etc.) while your damaged apartment is being repaired.
Many renters spend considerable time and money on alterations or redecorating. Under a renters policy, you may apply up to 10% of your contents coverage to repair or replace these damaged improvements.
This feature protects you if you’re held legally responsible for any fire damage to the building in which you live. And this coverage not only protects your home, but also any vacation property you rent.
Renters insurance automatically provides you with up to $1,000 of coverage (in most states) for losses resulting from forgery or any alteration made in connection with credit cards, automated teller cards, and checks used by you and your family.
A deductible is the amount of loss you agree to assume before your insurance coverage takes over. The higher your deductible, the lower the cost of your policy premium. The deductible applies to property losses only. Liability protection does not require a deductible.