Renters insurance provides coverage for your lost, damaged, or stolen personal possessions. It also provides coverage for injuries to another person that might occur in your rented home or apartment. For example, if someone is hurt in your apartment, and the injury is deemed to be your fault, that person can file a liability claim with your insurance company to cover the costs associated with the injury.
If the injured person chooses to file a law suit against you, your renters liability insurance would pay for your legal defense, up to the limits set on your policy. If you do not have renters insurance, these costs would be your responsibility to pay out of pocket. To learn more about renters insurance and the amount of coverage that makes sense for you, talk to an independent agent in the Trusted Choice® network. A local member agent can provide free renters insurance quotes from several different insurance carriers and help you find the right coverage at an affordable price.