Renters insurance protects tenants from the costs of unexpected personal property damage, theft and legal liability. This coverage can be bought by anyone renting a living space, it can be any living space like condo, home or apartment.
Your Renters Insurance coverage may include reimbursed living expenses, which means that it will pay for your increased living costs if a covered loss makes your home uninhabitable. That typically includes financial reimbursement for expenses such as food and a temporary place to live.
The loss of your clothing, furniture, laptop and other electronics will be covered by policy that includes Personal Property coverage. For your high-priced belongings, it might be best to opt for Scheduled Personal Property coverage to help cover an expensive piece of jewelry, your collection of audio equipment or other particularly expensive items.