What Does Renters Insurance Cover?

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Renters insurance covers everything from the individual's personal property to liability coverage, and it is generally very affordable and can save a tenant from being evicted. Consider getting renters insurance to cover any losses with information from a representative in this free video on insurance.

Part of the Video Series: Health Insurance Information
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Video Transcript

This is John Pinelli, financial representative talking to you today about what renter's insurance covers. Renter's insurance covers the individual tenants who are renting or leasing a property through a landlord. Now it will cover everything from their individual property within the house to liability coverage should someone get injured on their property. Now renter's insurance can be fairly comprehensive and it is also generally very affordable. A lot of people may not even consider renter's insurance when it is extremely cheap for them and if something were to happen, someone break into their house and steal all their property or someone get drastically injured on their property, they could potentially suffer a major loss and be in a huge financial bind. Some landlords may require their tenants to have renter's insurance simply for that matter if they were in this type of financial bind, they probably wouldn't be able to pay their rent and this may start a long complicated eviction process that would not be fun for the landlord or the tenant to deal with. So it's important for individuals renting property to have renter's insurance, especially if they have valuables within their home that they, that if were stolen would present a major loss to them. And also another important aspect, the liability coverage, if someone's injured, breaks their leg, all of the sudden this can be costing you 15, 20,000 dollars if some lawyer can find you financially responsible. So it's important to have coverage for incidents such as this.

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