personal belongings

Performance Property Real Estate Question

What Does Renter’s Insurance REALLY Cover

Q: I just got my first apartment. What does rental insurance actually cover? Marvin, Little Ferry, NJ A: Renter’s insurance can be bought by anyone renting an apartment, condo, home or other living space. Renter’s insurance is normally cheaper than homeowner insurance. The central feature of renter’s insurance is coverage of personal belongings from unexpected damage and theft. What does renter’s insurance cover? Renter’s insurance generally provides four types of financial protection: Personal property damage: If a tenant’s personal property is damaged, renter’s insurance will cover the cost of the damage up to your policy’s limits. Personal liability: If someone is injured or property is damaged, and a tenant is blamed for the event, their policy will cover liability costs, […]

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