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Insurance Basics
Renters Insurance

What is Renters Insurance?

Renters Insurance is a contract between you and your Insurance Company. It can provide coverage for your belongings in a house or apartment you rent as well as legal responsibilities you may incur as a result of injury or property damage you or members of your family may cause to others. In exchange for your premium payment, your Insurance Company agrees to pay losses as defined in your policy.

What coverages are available in a Renters Insurance policy?

Personal Property Coverage

Your personal items in your home or apartment such as furniture, clothing, and electronics can be covered if damaged by a covered cause of loss.

Loss of Use Coverage

If a covered cause of loss means that your home or apartment can’t be lived in, this coverage provides additional housing and living expenses while repairs are being made.

Liability Coverage

If you or a household family member is responsible for causing injury or damage to other people or their property, coverage can be available to pay for the injury or damage. This can include guests who are injured while at your home or apartment. Additionally, coverage can be provided for legal defense for injury or damage to others.

Additional Coverages

  • Replacement Cost Coverage for your Personal Property
  • Some Renters policies provide coverage to Repair or Replace your damaged belongings with new items of like kind and quality.
  • Most Renters policies provide some limited coverage for valuable items like jewelry, watercraft, firearms, and silverware.

The content available via Grange.com is for informational purposes only and may not be used for any other purpose. Content provided or expressed on Grange.com, including that of third parties, may not reflect Grange Insurance Association’s (GIA) policies or conform to any agreement you may have with GIA and its subsidiary companies. Please contact a licensed insurance agent to obtain particular advice.

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