Renters insurance

Renters insurance covers your stuff and so much more

Renters insurance is an affordable way to cover your belongings and help pay for unexpected expenses. In addition to your belongings, renters covers other people’s injuries at your place, certain lawsuits against you, and more.

Without renters insurance, you’d have no protection/coverage for these situations. For example, if someone steals all your stuff, your landlord won’t cover anything. Everything would be 100% on you. That could cost tens of thousands of dollars, as the average renter has $30,000 worth of belongings, according to ASI, one of our network renters insurance companies.

Allstate Renters Insurance


Home is where you keep the things that matter to you. Allstate Renters Insurance can help you protect that stuff if something bad happens to it or your rental. The coverage is dependable and costs less than you might think—in some cases, it costs as much as your morning latte. Talk to an agent about a renters insurance quote now.


Even with renters insurance, you may want to look at more policies to further protect the things you own and guard against the unexpected. Your agent can help guide you through the details so you can make choices that fit your needs.

Learn more about flood insurance

Explore personal umbrella insurance


Have questions about your renters insurance coverage or need a little help? Never fear. Your Allstate policy comes with access to a local agent. He or she knows the ins and outs of renters insurance and will be happy to share the knowledge. Your agent can help you:

  • Know your renters insurance policy and make good choices
  • Find great savings and discounts
  • Make sense of the claims process and get the answers you need
  • Learn about new tools that can help keep you prepared and protected

Start your renters insurance quote, or get a personalized insurance proposal from your local agent to learn more. You can also take a look at Allstate agents in action.

You may have heard that renters insurance is a good idea, but do you know what a policy helps protect? Get simple answers about what goes in a renters policy, such as property coverage, guest medical and family liability coverage.


All too often, renters don’t get insurance coverage because they’re concerned about the cost. Allstate Renters Insurance is not only reliable, but it’s also affordable. You may be able to pay as little as $4 a month for it when you add it to your Allstate auto policy. That’s a small price to pay to know the things you own are well protected. See the savings you can get, and ask for a renters insurance quote today.

Your landlord may have insurance to protect the building you are living in. But your landlord’s policy won’t replace your personal possessions or pay for your living expenses while the building is being repaired.

The only way to protect yourself financially against disasters is to buy a renters insurance policy.

Renters insurance, sometimes referred to as tenants insurance, includes three basic types of protection:

  • Personal Possessions
  • Liability
  • Additional Living Expenses

Personal Possessions

Standard renters insurance protects your personal belongings against damage from fire, smoke, lightning, vandalism, theft, explosion, windstorm, water and other disasters listed in the policy. Floods and earthquakes are not covered. Supplemental insurance is available to cover these disasters—see the Frequently Asked Questions section of the brochure for more information.

To decide how much insurance to buy, you need to know the value of all your personal possessions—including furniture, clothing, electronics, appliances, kitchen utensils and even towels and bedding. In other words, if your home were to burn, you should have enough insurance to replace all of your possessions.

The easiest way to figure out how much insurance coverage to buy is to create a home inventory (a detailed list of all of your personal possessions, with their estimated value). An up-to-date home inventory will also make filing an insurance claim faster and easier.


Standard renters insurance policies provide liability protection against lawsuits for bodily injury or property damage that you or your family members cause to other people. It also pays for damage your pets cause. So, for example, if your son, daughter or dog accidentally ruins your neighbor’s expensive rug, you’ll be covered. However, if your children or pets destroy your own rug, you will not be covered.

The liability portion of a renters policy pays for both the cost of defending you in court and for court awards, up to the limit of the policy.  Liability limits generally start at about $100,000. Some experts recommend that you buy at least $300,000 worth of protection. You can also buy anUmbrella or Excess Liability policy, which provides higher limits and broader coverage. Generally, umbrella policies cost between $200 to $350 a year for an extra $1 million of liability protection.

Your policy also provides No-fault Medical coverage.  So, if a friend or neighbor is injured in your home, you can submit their medical bills directly to your insurance company. You can generally get $1,000 to $5,000 worth of this coverage. It doesn’t, however, pay the medical bills for your own family or your pet.

Additional Living Expenses

Many people don’t know that Additional Living Expenses coverage, also known as ALE, is included in a renters insurance policy. If your home is destroyed by a disaster that your policy covers and you need to live elsewhere, renters insurance covers your additional living expenses.  Policies will generally reimburse you the difference between your additional living expenses and your normal living expenses. ALE covers hotel bills, temporary rentals, restaurant meals and other expenses you have incurred while your home is being rebuilt.

There are two types of renters insurance polices:

Actual Cash Value pays to replace your possessions minus an amount for depreciation (the reduction in the value of items due to age and use) up to the limit of your policy.

Replacement Cost pays the actual cost of replacing your possessions (with no deduction for depreciation), up to the limit of your policy. The price of Replacement Cost coverage is about 10 percent more than Actual Cash Value coverage but can be well worth the extra cost.

How to Buy Renters Insurance

Renters insurance is easy to get, and there are many insurance companies to choose from. Insurers who offer homeowners insurance generally also sell renters insurance. In fact, a renters insurance policy and a homeowners insurance policy are almost identical. The main difference is that a renters policy doesn’t include coverage for the building, since the landlord owns that.

Comparison Shop

Prices vary from company to company, so it pays to shop around. Get at least three price quotes. You can call companies directly or get quotes from the Internet. Your state insurance department (contact information is on the back of this brochure) may also provide information about prices.

Get quotes from different types of insurance companies. Some insurers sell through their own agents. These agencies have the same name as the insurance company. Some sell through independent agents, who offer policies from several insurance companies. Others don’t use agents at all but sell directly to consumers over the phone or via the Internet.

But don’t shop by price alone. Select a company that answers your questions and handles claims fairly and efficiently. Ask friends and relatives for their recommendations.

Look for an agent or company representative who takes the time to answer your questions.  Remember, you’ll be dealing with this person if you have an accident or other emergency.

Ask Your Insurer How You Can Save Money

These are some ways to save money on premiums: Consider taking a higher deductible (the amount of money you have to pay toward a loss before your insurance company starts to pay a claim). The higher your deductible, the more money you save on your premium. Consider a deductible of at least $500. If you can afford to raise it to $1,000, you may get as much as 25 percent off your premium.  Remember, though, that you’ll pay the deductible each time you file a claim.

Insurance companies often offer discounts on renters insurance if you have another policy with them for your car or business. You can also get discounts if your apartment has a security system, smoke detectors or deadbolt locks. More discounts might be available depending on your age or whether or not you smoke.

Filing a Renters Insurance Claim

Report any crime to the police

If you are the victim of a theft or your home has been vandalized or burglarized, report it to the police. Get a police report and the names of all law enforcement officers that you speak with.

Phone your agent or company immediately and get answers to these questions:

  • How long to I have to file a claim? (There are time limits on claims filing.)
  • Do I have the coverage I need?
  • Does my claim exceed my deductible?
  • How long will it take to process the claim?

Prepare a list of lost or damaged articles

You’ll need to substantiate your loss. Don’t throw out damaged items until a claims adjuster has visited your home. You should also consider photographing or videotaping the damage. Prepare a list of damaged or stolen items for your adjuster along with copies of receipts.

If you need to relocate, keep your receipts

If your home is severely damaged and you need to find other accommodations while repairs are being made, keep records of all expenses.

Get claim forms

Once you’ve notified your insurer of your claim, the company is required to send the necessary claim forms to you by the end of a set time period. (The time period varies from state to state.) Return the properly filled out forms as soon as possible to speed up your claim.

If you feel your insurer hasn’t given you satisfactory service, you should talk to the agent or company representative who sold you your policy or your insurer’s claims manager. If you’re still unhappy, contact your state insurance department or local consumer protection office to discuss what you can do.

State insurance department telephone numbers and Web site addresses can be found here.

Frequently Asked Questions

Q. Is my bicycle covered by renters insurance?

A. Your bicycle and other recreational or sports equipment are covered. There are also special policies you can buy for very expensive sports equipment.

Q. Is my car covered?

A. Vehicles aren’t covered by renters insurance.  You need to get a separate auto insurance policy to drive legally and protect your car, van or motorcycle.

Q. As a student, am I covered by my parents’ insurance?

A. If you’re a college student living in a dorm and are still part of your parents’ household, their homeowners or renters insurance provides coverage. If you live off campus, you’ll probably need your own renters policy. Policies can vary, so speak to your insurer about this.

Q. Can I purchase a renters policy with my roommate or domestic partner?

A. Regulations differ from state to state, and policies might also differ from company to company. Find out
what regulations apply where you live. Some insurance companies allow unmarried couples who have been living together to buy joint coverage. But a domestic partner is usually not automatically insured, like a husband or wife, under the partner’s policy. He or she must be specifically named.

Q. What happens if something I have rented or borrowed is stolen?

A. Items that are “in your possession” are covered under a standard renters policy, whether they are things that you’ve bought, received as gifts or borrowed.

Q. Is my property covered away from home?

A. Yes, most renters polices include what is called Off-premises coverage.  This means that belongings that are outside of your home are also covered against the same disasters listed in your policy. For example, property stolen from your car would be covered. However, there are generally dollar limits on the amount you can be reimbursed. For example, if you have $25,000 worth of personal possessions insurance, you may be covered for up to $2,500, or 10 percent of the total.

Q. Are my valuables covered by my renters insurance policy?

A. In general you are covered for up to $1,500 for jewelry or other expensive items that are destroyed or lost to fire, windstorms, theft or other perils that are listed in your policy.  If your valuables are worth more than that, you should consider purchasing a “floater,” also called an “endorsement,” to increase the amount of coverage.

Q. How can I protect my house or apartment against a flood or earthquake?

A. Renters insurance does not cover floods or earthquakes. Flood coverage is available from the National Flood Insurance Program and from a few private insurers. You can get this coverage, however, from the same agent or company representative who sold you the renters insurance policy. Earthquake coverage can be a separate policy or an “endorsement” to your renters policy.

Renters Insurance through Elephant

Did you know that when it comes to protecting your property, the average renter and homeowner share many common concerns? If you are like most renters, you may think you don’t need renters insurance. However, as a renter, there is still a risk that you may lose your possessions to fire, theft, burglary, storms, water damage, and other unexpected events. And remember, your landlord or apartment owner’s insurance policy most likely won’t protect you.

A standard renter’s insurance policy purchased through Elephant provides you with the following:

  • Replacement cost coverage

    If property is damaged, we’ll replace items as new*.

  • Loss-of-use coverage

    If your home is too damaged to live in, we’ll pay for additional living expenses, such as temporary housing.

  • Personal liability coverage

    Protects you against a potential lawsuit if someone is injured on your property.

Have a child going to college? Renters insurance is a great way to protect all of that expensive gear kids take with them. Off-campus apartments are common targets for thieves, and a renters insurance policy is a smart way to protect against the high cost of replacing that smartphone, laptop, and bicycle.

Bundle with Elephant for additional savings

With Elephant you can easily get a renters insurance quote that fits your needs. But did you know that you can also bundle and save? Auto insurance customers receive a discount for bundling a renters insurance policy, making it even more affordable to buy through Elephant.

The relief of knowing your valuables are covered only requires a small premium every month. Homesite offers renters insurance that’s designed for anyone who rents a home, whether it’s a house or an apartment. **

How do I get a renters insurance quote?

Renters insurance is an important part of protection your valuable assets. That’s why Elephant has partnered with Homesite, a leading provider of renters insurance. Homesite helps customers find the best policy designed to safeguard your changing home, property, and financial needs.

To get a quote, first, take an inventory of what you own. This will help you decide what level of coverage makes you the most comfortable. Then, get a renters insurance quote and choose the policy that best fits your needs.

What Is Renters Insurance?

Renters insurance provides coverage for your lost, damaged, or stolen personal possessions. It also provides coverage for injuries to another person that might occur in your rented home or apartment. For example, if someone is hurt in your apartment, and the injury is deemed to be your fault, that person can file a liability claim with your insurance company to cover the costs associated with the injury.

If the injured person chooses to file a law suit against you, your renters liability insurance would pay for your legal defense, up to the limits set on your policy. If you do not have renters insurance, these costs would be your responsibility to pay out of pocket.

To learn more about renters insurance and the amount of coverage that makes sense for you, talk to an independent agent in the Trusted Choice® network. A local member agent can provide free renters insurance quotes from several different insurance carriers and help you find the right coverage at an affordable price.

What Does Renters Insurance Cover?

Renters insurance provides financial reimbursement to cover a tenant’s lost or damaged possessions as a result of fire, theft or vandalism. It also covers a tenant’s liability in the event that a visitor is injured on the premises. Whether the renters insurance or the landlord insurance pays for the costs associated with the injury will depend on the circumstances of the incident, the location on the premises where the injury occurs, and who is at fault.

Renters insurance can also provide compensation for alternative living arrangements in the event that your rental unit or rented home becomes uninhabitable due to storm damage or an apartment fire.

How Does Renters Insurance Work?

Renters insurance will help to pay your costs if you suffer a loss, such as a burglary. The amount of compensation you will receive depends on the type of loss and the amount of coverage you have in place. For example, you can buy “actual cash value” (depreciated) coverage for your personal property, or you can buy replacement cost coverage for your personal possessions.

Certain items such as jewelry, collectibles or other valuable items may have a value limit or require additional insurance coverage to provide full coverage for loss, theft or damage. You will also be responsible for a deductible, which is an out-of-pocket expense.

In the event that a visitor to your home, condo or apartment is severely injured, that person can file a claim with your insurance company, and your insurer will address the claim.

Is Renters Insurance Necessary?

Renters insurance is necessary if you are renting a home or apartment and want to be sure your valuable possessions are protected from loss, theft or damage, and protects you in the event of liability claims as well.

You are not required to carry renters insurance by law, but a landlord can require renters insurance in your rental agreement in your lease. Carrying renters insurance protects you and the landlord by ensuring that no matter what happens on the premises, either your renters insurance or the landlord’s insurance will provide compensation.

As an example, what happens if a neighboring tenant leaves cooking unattended and starts an apartment fire that damages your unit and belongings? It’s possible that some combination of the neighbor tenant’s renters insurance, the landlord’s property insurance, and the personal property insurance in your renters policy will come into play to cover the cost of repairs.

Why Is Renters Insurance Important?

Renters insurance is important because your possessions are not protected by the landlord’s insurance policy. Landlord insurance covers damage to the building but does not protect your possessions.

Another good reason to have renters insurance is for protection against liability claims. The liability portion of your renters insurance will provide compensation if a visitor to your rented home is injured. If that person files a lawsuit against you, your renters liability insurance will also help to cover the costs of your legal defense.

Renters insurance can also cover temporary accommodations in the event that you have to live elsewhere while your rental is being repaired due to fire, smoke or water damage.

How Much Is Renters Insurance?

The cost of renters insurance is generally quite affordable. You can typically expect to pay between $100 and $250 per year on average, depending on where you live and the coverage amount you carry on the insurance policy. The national average for renters insurance is $15 to $30 per month.

The best way to find the renters insurance you need is to contact an independent agent from the Trusted Choice network to compare renters insurance costs and find an affordable policy that meets your needs.

Is Renters Insurance Tax Deductible?

Renters insurance is not tax deductible except in the following situations:

  • You use a part of your residence regularly and exclusively to operate a business. You then may deduct a portion or your renters insurance, based on the dimensions of the space where you operate your business relative to the total size of the premises.
  • You are an employee and work in both your employer’s office and your rented premises. In this case you can deduct a portion of your renters insurance in the same manner as a home office. Check with your accountant for complete details.

How Much Renters Insurance Should I Have?

When you choose a renters insurance policy, you will need to choose coverage amounts for three basic types of coverage:

  • Personal property: Typically a minimum of $2,500 worth of coverage
  • Liability: Amounts you choose, such as $100,000 of coverage for liability claims and legal defense
  • Additional riders: Coverage you may need for your collectibles, personal items of value such as jewelry, and outdoor toys such as snowmobiles, ATVs or personal watercrafts (PWCs)

Did you know that the average person has over $20,000 worth of personal belongings? When you consider the cost of electronic equipment, clothes, jewelry, tools, kitchen gadgets and other personal items, you probably have far more invested in your personal property than you realize.

The best way to determine how much insurance you should carry for your personal property is to create an itemized list of your belongings and their replacement costs. It is important to determine how much it would cost to replace each item as brand new. This should give you a ballpark figure for the total amount of insurance coverage you should carry.

To choose the amount of liability coverage you need, consider the potential costs of a liability claim if you were sued for negligence or for another person’s loss. An independent agent in the Trusted Choice network can help you assess your needs and risks and choose the coverage amounts that are right for you.

Does Renters Insurance Cover Fire Damage?

Renters insurance covers fire and smoke damage after you pay your deductible. The amount of compensation you will receive in the event of fire damage depends upon several factors, including:

  • The amount of coverage you buy
  • Whether you choose actual cash value (depreciated) coverage or replacement cost coverage for your belongings
  • Your deductible amount

In the event of a fire, you will file a claim for the loss, pay the deductible for your policy, and then receive compensation for the remaining costs of your loss, up to the limits of your policy.

Does Renters Insurance Cover Theft?

Renters insurance covers your possessions from theft, after you pay your deductible amount. Renters policies typically cover your belongings, whether your rental home is burglarized, or the items are stolen from your car or while you are traveling. Review the specifics of your policy to determine the circumstances under which you can file a renters insurance claim for theft.

Does Renters Insurance Cover Car Damage?

Your renters insurance will typically cover your belongings if they are stolen from your car, but would not cover damage to the car itself. For car damage, you will want to check your comprehensive automobile insurance policy.

Does Renters Insurance Cover Storage Units?

Whether your items are covered if they are damaged, stolen or destroyed while in your storage unit depends on the specifics of your renters policy. Some insurance companies do not cover personal items in a self storage unit while other companies will extend limited coverage. You can buy additional insurance coverage through the storage facility, if it is offered, or through your insurance company.

Does Renters Insurance Cover Dog Bites?

Many renters insurance policies exclude certain pets. And some insurance companies will not provide coverage at all if you have a high risk breed such as a pit bull. You may need to get special insurance coverage that covers dog owners’ liability.

Does Renters Insurance Cover Bed Bugs?

Renters insurance policies typically exclude bug infestations of any kind, including bed bugs, cockroaches and other bugs as well as rodent infestations. You most likely are also not covered for any damage these pests cause, or for the costs to eliminate an infestation problem.

Does Renters Insurance Cover Flooding?

Most renters insurance policies do not cover damage caused by floods. Like home owners, renters must purchase flood insurance separately to be covered for damage from flooding. However, you will likely be covered if there is a water leak within your rental unit that causes water damage to your belongings. Be sure to read your renters insurance policy carefully so you know what is and is not covered.

Will Renters Insurance Cover a Broken TV?

Whether or not damage to any of your personal electronics or other belongings is covered depends on the coverage you buy and the cause of the damage. If you have replacement cost coverage for your personal belongings, and the damage to the television was caused by a covered peril such as fire, theft or vandalism, your TV will be most likely be covered. If it breaks from wear or misuse, your broken TV will not be covered.

Where Can I Get Renters Insurance?

The most common way to buy renters insurance is through an insurance agent. You can find a local independent agent in the Trusted Choice network, right in your area. Trusted Choice member agents have access to several different insurance companies, and can help you compare policies, get renters insurance quotes and find the right policy for your particular circumstances.

Affordable coverage you can trust

Renters insurance protects your belongings and provides personal liability coverage if you rent your home. Your landlord may cover the property itself, but you’ll need your own policy to protect your valuables and guard against accidents. For as little as $12 per month1 you can rest assured that your most prized possessions are covered against damage and loss. Review our renters coverage options to learn more.

Why should I buy renters insurance?

If you’re like many renters out there, you might assume insurance isn’t necessary, especially if your landlord already has insurance for the home. Unfortunately, the policy your landlord purchased won’t cover all of your personal belongings inside your rented apartment, condominium, or house.

Think about it. What would you do if a fire or water leak destroyed almost everything you own? What if you were a victim of theft? Would you have the money to replace those valuable items? Thankfully, ASI renters insurance can help you feel secure, even if you don’t own the place.

What does renters insurance cover?

Not sure you own anything worthy of insurance? Take a look around and make note of everything you see: clothes, furniture, electronics, jewelry. A renters policy provides affordable coverage to renters and tenants, insuring all of these personal belongings not covered by your landlord’s policy. Although individual policies vary, situations you may be covered for include:

  • Theft and vandalism
  • Fire and smoke damage
  • Wind, hail and lightning
  • Water leaks

Your renters policy can also cover personal liability and medical payments to others, in the case of injury inside your home.

Why choose ASI?

As a renter, you need protection for your possessions at an affordable rate. At ASI, we understand the importance of the right coverage for the right price. Let one of our trusted local agencies create a policy uniquely tailored to your needs and budget, all backed by an A-rated company.