Skip to content

Types of Renters Insurance Coverage

Renters insurance is an important, and often required protective coverage if you are renting a home, apartment, or condominium. The three main aspects of renters insurance include:

Personal Property

This includes protection for everything from computers and electronics to jewelry to books and any other personal property with value.

Personal Liability

This portion of your coverage protects you from liability if someone is harmed.

Additional Living Expenses

If you are displaced by a fire; the best renter's insurance will help cover the cost of being displaced.

Renters Insurance Coverage Considerations

Additional costs you might incur for reasonable housing and living expenses if a covered event makes your living quarters temporarily uninhabitable while it's being repaired or rebuilt.

Personal Property Protection

Maybe you have an heirloom or other unique/specific items you want covered by your renters insurance, this type of protection can give your special belongings additional protection if damaged or stolen.

Personal Liability

This type of coverage protects you in the event that someone is injured on your property and can be used if you are found to be legally liable for their injuries.

Loss of Use

Maybe you run a small business out of your home and you cannot work due to a burst pipe - adding this to your renters insurance policy can help protect you from financial losses.

Pet Insurance

We have health, life, and liability insurance for the people that might be harmed in your rental, but don’t forget about pets – if they are injured or killed due to an electrical fire or are stolen by a burglar, this coverage can help ease the financial burden.

What's Covered

Although not an exhaustive list, the following is typically covered in an apartment or home renters insurance policy:

  • Fire
  • Theft
  • Wind
  • Hail
  • Lightning
  • Smoke Damage
  • Snow or Ice Collapse
  • Falling Objects


What's Not Covered

It might be helpful to understand what is not covered under a renters insurance policy as well:


  • Earthquake

Damages that are deemed to be the result of an earthquake are often not part of a renters insurance policy.

  • Flood

This is different from a flooded basement due to a burst pipe, and specifically does not cover flooding as the result of a natural disaster.

  • Coverage Options

It is important to note that both flood and earthquake covered policies can be purchased separately or bundled together if you are in a high-risk zone.

How to Lower the Average Cost

If you want to get the best renters insurance quotes, here are a few tips and tricks you can use to get great coverage at a lower average cost:

Bundles & Packages

Combining renters’ insurance with other forms of protection (like auto insurance) is a simple way to save on cost – discuss your options with an Ansay & Associates specialist to find the right policies for you to bundle.


Updating your apartment or home’s security (lighting, cameras, locks, and other security measures) can help reduce your risk of burglary and the price of renters insurance.

Other Risk Reductions

Other changes you can make or suggest to your landlord to reduce risks of electrical fires, a burst pipe, or other physical failures that might damage your home or belongings is also a great step to lower your renters insurance cost.

Primary Benefits of Renters Insurance

Apartment and home renters cannot always rely on their landlord’s work to ensure the protection of your belongings. Renters insurance can protect your belongings despite many of the unintended risks your rental property may be exposed to. This allows you to replace damaged or stolen items in qualifying events and protects your family from the cost of certain displacements. Considering most renters insurance policies cost a relatively small amount, this is one of the best investments you can make to ensure you are protected in the event of an emergency highlighted above.

Related Product Offerings

Ansay Logo

Condo Insurance

If you own a vacation condo or full-time, live-in condo you will want to protect the unit with a condo insurance policy. Click to speak with an agent who can help you understand what should be covered.

Condo Insurance
Ansay Logo

Other Insurance

Specialty insurance coverage can protect a variety of unique items, from your identity to a rental property. Click to learn how working with Ansay & Associates can make sure you are always protected.

Other Insurance
Ansay Logo

Home and Auto Insurance

From standard auto and home coverages, to condo, motorcycle, and seasonal homes, we can handle it and make sure you are properly protected in the process.

Home and Auto Insurance

Frequently Asked Questions

Answers to Frequently Asked Renters Insurance Questions

How much is Renters Insurance?

Renters insurance cost can vary depending on a variety of factors, such as the neighborhood you are renting in, your home or apartment’s security, and if you have had any previous incidents. Speak with an Ansay & Associates specialist to find the policy that meets your needs at the right price.

What does Renters Insurance cover?

Renters insurance covers a variety of problems, such as theft/burglary, damage caused by many natural disasters (individual policies will vary on what qualifies) and damage as the result of structural failures. This might include replacing a specific object that was damaged or stolen, or might include hotel fees while your apartment is under repairs from an electrical fire.

Does Renters Insurance cover theft?

Renters insurance will often cover theft. Always check your specific policy as certain items may require personal property protection coverage.

How much Renters Insurance do I need?

How much renters insurance you need will depend on several factors, the first is what you need to protect and the second is often how much are you willing/able to pay.

Does Renters Insurance cover water damage?

This depends, water damage caused by a burst pipe should be covered in most renters insurance policies, but floods require their own separate policy or bundle package to ensure adequate protection.

Contact Us

We're here to answer your questions. Let's talk.

If you rent an apartment or home, you need to make sure your possessions are protected from theft and disaster – call Ansay & Associates today, and one of our reps will help keep you protected.

Please note, your message does not bind, alter, or cancel coverages and is not effective until confirmed directly with a licensed agent.

You Can Always Call Us Toll-Free at: 1 (888) 262-6729

Thanks for reaching out! We'll respond shortly.