What renters insurance covers
Allstate® renters insurance protects you and your family in many situations involving the belongings you keep in your rented apartment or home. The four most common risks we typically cover include:
- Fire and smoke
- Water damage from plumbing, furnace/AC or water heater
The following coverages are part of a standard renters insurance policy:
- Personal property coverage
Helps reimburse you if your personal belongings are stolen or destroyed by a fire or other covered peril. It helps cover things like clothing, furniture, your laptop and other electronics – though you may want to opt for scheduled personal property coverage for especially expensive items and collections.
- Reimbursed living expenses
Helps pay for your increased living costs if a covered loss makes your rented apartment or home uninhabitable. Those expenses typically include things like food and a temporary place to live.
- Liability protection
Helps pay for legal expenses, medical bills and other damages if someone gets injured at your place and sues you.
- Guest medical coverage
Helps pay for reasonable and necessary medical expenses, like the cost of X-rays or an ambulance, if a guest is injured in or around your place, even if you're not at fault.
Consider deductibles and limits
When you purchase a renters insurance policy, you can select deductibles and coverage limits based on your needs.
Additional coverage and insurance policies for renters
Even if you have renters insurance, you may want to consider additional insurance coverage or policies to further protect the things you own and guard against the unexpected. For example, you may decide it makes sense to add the following types of protection:
- Scheduled personal property coverage
This coverage helps protect specific, appraised valuables like engagement rings, antiques, musical instruments and coin collections.
- Personal umbrella policy
Umbrella insurance helps protect you against large liability claims. If you're found responsible for a liability judgment that exceeds the liability limits of your renters insurance policy, a personal umbrella policy can help prevent you from paying out of pocket.
- Identity theft restoration
This coverage helps pay for the cost of legal fees, lost wages and other related costs if someone steals your identity.
- Flood insurance
Renters can purchase flood insurance to help cover the cost of replacing belongings if they are damaged by floodwater. You can purchase a government-run National Flood Insurance Program policy through an Allstate agent.