Renters Insurance

What is renters insurance and why do I need it?

Renters insurance is designed for anyone who rents a home, a house or an apartment. You may not own the place where you live, but you still need insurance protection.

Here are some specific reasons you should consider buying renters insurance:

Provide protection for your personal property against such perils as fire, theft, and vandalism.

Renters insaurance is remarkably inexpensive.

You could be held responsible for injury to another person or for damage to another person's property if an incident occurred within your rented residence, or elsewhere. Renters insurance can help protect you in case of a liability lawsuit against you.

You could be eligible for premium discounts on both renters and auto insurance when you purchase both policies from State Farm. Not available in some states or provinces.

Renters insurance is flexible, allowing you to select the coverages and insurance amounts that suit your needs.

Common myths about renters insurance

Affordability myth: "I hear renters insurance is too expensive." For just pocket change a day, our policy can provide affordable basic protection of your personal property, and can protect you in case of a liability lawsuit.

Landlord myth: "The landlord's insurance covers me." Your landlord's insurance generally only covers the building where you live – not your personal belongings and your liability.

Responsibility myth: "I don't need liability insurance." Your landlord's policy most likely excludes liability for something that occurs in your rented residence. You could be held responsible for injury to another person or damage to another person's property if an incident occurred within your rented residence, or elsewhere. Without liability coverage, your current and future earnings could be at risk. Renters insurance may also provide legal defense costs.

Ownership myth: "I don't own very much." Most people's belongings are often worth more than they think. That's one reason why you need renters insurance. However, it's important to know how much you need.