Renters Insurance 101: What It Covers and Why Every Tenant Should Have It

​Renters insurance protects your belongings, liability, and temporary housing needs.

​Learn what it covers, why it matters, and how to get affordable coverage.

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​Many renters assume their landlord’s insurance policy protects them — but that’s a costly misunderstanding. If there’s a fire, break-in, or water damage, your landlord’s insurance only covers the building, not your belongings.
That’s where renters insurance comes in — and it’s one of the most affordable ways to protect yourself financially.

🧾 What Does Renters Insurance Cover?Renters insurance generally includes:

• Personal Property – Covers your belongings (furniture, clothes, electronics) if stolen, damaged, or destroyed
• Liability Coverage – Protects you if someone gets hurt in your apartment and sues
• Loss of Use (Additional Living Expenses) – Helps pay for a hotel or temporary housing if your unit becomes unlivable
• Medical Payments to Others – Covers minor injuries a guest may suffer in your home

💡 Even if you don’t own much, replacing everything at once could cost thousands.

📉 How Much Does It Cost?
Renters insurance is very affordable, average low monthly rates.
(Source: NAIC and Insurance.com)


🚨 Common Misconceptions 

Reality“My landlord’s policy covers my stuff”It doesn’t — it only covers the structure
“I don’t own anything valuable”Replacing even basic items adds up quickly
“Renters insurance is expensive”It’s often under $200 per year
“I’m just renting short-term”Damage or liability can happen anytime, even during a one-month lease

🛡️ How Corin Insurance Group Can HelpAt Corin Insurance Group, LLC, we help first-time renters and long-time tenants get coverage that fits their budget and living situation. Whether you're renting a house, apartment, or duplex, we’ll walk you through:

• Choosing the right amount of personal property coverage
• Making sure your liability limits are solid
• Bundling with auto for extra savings
• Avoiding coverage gaps during a move or sublease

Reach out today to get your free renters quote.