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Renters insurance: what it covers
Your belongings and your liability, not the building.
Your landlord's insurance covers the building, not your things. Renters insurance covers your belongings and your liability, and it's often inexpensive.
What it usually covers
- Your belongings, from fire, theft and some water damage
- Liability if someone is hurt in your home
- Extra living costs if your home becomes unlivable
What to check
- Replacement cost vs. actual cash value
- The deductible
- Exclusions, such as floods and earthquakes
- Bundling discounts with car insurance
General information, not insurance advice. Smart Penny Path isn't paid by any landlord, listing site, mover or insurer.