There are three main parts to a renters insurance policy:
A. Coverage for your Personal Possessions
B. Coverage for Additional Living Expenses
C. Coverage for Personal Liability Protection
PERSONAL POSSESSIONS COVERAGE:
Coverages such as fire, smoke, lightning, windstorm, explosion, and theft are provided for your personal belongings such as clothing, furniture, appliances, electronics, kitchen utensils, and household furnishings. Request replacement cost coverage so that in the event of a loss that depreciation is not deducted for the age of the item.
ADDITIONAL LIVING EXPENSE COVERAGE:
If your home is made unliveable because of a peril that your policy covers, the additional living expense protection pays for hotel bills or temporary rentals, additional costs to eat in restaurants, and other costs you incurr because you are not able to live in your home.
PERSONAL LIABILITY PROTECTION:
Protection is provided against lawsuits for bodily injury to a person or for property damage to someone else's property that is caused by you or your pets. This coverage also pays the cost of defending you in court and any court awards up to the limits of your policy.
VIDEO EXPLAINING RENTERS INSURANCE