Renters insurance

If you rent your home, renters insurance helps protect your personal belongings and your financial wellbeing when you’re at home, and when you’re not.

Location, type of coverage, the value of your possessions and other factors determine your monthly renters policy premium (or payment). The average premium for a renters policy is as low as $5/month.

Take a look at the coverage options Allstate offers and find the one that best fits your needs.

Request a renters insurance quote today.

Renters insurance is designed to help protect you in common, unexpected situations, and typically includes coverage for:

• Personal belongings including electronics, clothes, bikes and more
• Theft, either at home or elsewhere
• Liability costs if your pet injures someone or damages their property
• Legal bills if you’re sued for an injury at your home

Most renters insurance policies include four core types of coverage that work together to help protect you in different situations: personal property protection, family liability protection, guest medical protection, and additional living expenses.

While renters insurance offers valuable protection, it does not cover everything. Here are a few examples of what renters insurance won’t cover:

• The building or structure
  Damage to the building itself is typically covered by the landlord’s insurance, not a renters policy.
• Certain natural disasters
  Damage from events like floods or earthquakes is not typically covered and may require separate coverage.
• Intentional damage or illegal activity
  Damage caused on purpose or related to illegal acts is not covered.
• High value items beyond coverage limits
  Items like jewelry, fine art, collectibles or large amounts of cash may have coverage limits, unless additional protection is added.

Your landlord’s insurance typically covers the building itself, but it doesn’t cover your personal belongings or personal liability. Renters insurance helps protect what’s yours.

Coverage options and limits can be customized when you get a quote, so you can choose the protection that fits your needs.

• Choose your coverage
  Take a look at the types of coverage included in the standard policy and consider what other coverages you want to add.
• Consider your limit
  When selecting a limit, the maximum amount the insurer will pay for a covered claim, consider your personal needs.
• Select your deductible
  Some coverages come with a deductible, which is the amount you'll pay toward a claim. Be sure to select the same deductible on each coverage for each renters insurance quote you get.

The amount of protection you purchase depends on the value of your items, including smaller things like clothing and household products. People are surprised by how “not much stuff” can add up to more than most can spend all at once.

A good place for many renters to start is a policy that offers $25,000 for personal property and $100,000 for liability coverage.

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.

• 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 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.
• Earthquake insurance
  Earthquake insurance helps protect your property and personal belongings if they’re damaged by an earthquake, covering the costs of repairs and replacements. Quote with your local agent.
• Jewelry insurance
  Jewelry insurance helps cover the costs of repairing or replacing your valuables. Most policies protect against accidental loss, theft, damage and disappearance, even during global travel

To quote a renters policy, have the following information on hand:

• Personal info including your name, date of birth and address
• Basic information about whomever is living with you full-time