- Personal property coverage: Renters' insurance covers the contents of a home including clothes, bicycles, furniture, dishes, TVs and other electronics. As a rough guide to the dollar amount of coverage for you to buy, add up the cost to replace all the major items in a home: appliances you own, computers, other electronics and furniture, and then double that amount.
- Liability coverage: The liability component might be the biggest reason to get Renters' insurance because it can protect you from huge financial losses. Renters' insurance can cover you in a lawsuit by someone injured in your home and if your dog bites someone outside the home.
- Additional living expenses coverage: Another feature included in most renters insurance policies is called additional living expenses coverage. If you can't stay in your apartment after a fire, burst pipe or other disaster, this coverage will pay for temporary lodging.
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