Branch Owner, TWFG Insurance Services, Fremont California and the Greater Bay Area Representing Dozens of Insurance Carriers
Renters insurance will cover you for theft on and off your premises minus your deductible. For example if you are traveling and your luggage was stolen this would be a covered peril. I recommend you discuss with your local agent as renters polices may and often do have limitations for certain items such as jewelery.
Renters (Tenant/Homeowners’) Insurance policies will usually cover your personal property “anywhere in the world”. Of course, most tenant/ homeowner policies also provide coverage on a named peril basis and “theft” is usually a specifically defined covered peril.
So, in a general sense, renters’ policies should cover theft of your covered personal property while it is away from your home subject to the policy’s exclusions and limitations.
Common limitations include: no coverage for theft from a dwelling under construction (often can be added), theft from another residence you own or rent unless you are temporarily residing there, theft from the part of a residence you rent to someone, theft of boats, their equipment, trailers or campers, etc.
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Renters (Tenant/Homeowners’) Insurance policies will usually cover your personal property “anywhere in the world”. Of course, most tenant/ homeowner policies also provide coverage on a named peril basis and “theft” is usually a specifically defined covered peril.
So, in a general sense, renters’ policies should cover theft of your covered personal property while it is away from your home subject to the policy’s exclusions and limitations.
Common limitations include: no coverage for theft from a dwelling under construction (often can be added), theft from another residence you own or rent unless you are temporarily residing there, theft from the part of a residence you rent to someone, theft of boats, their equipment, trailers or campers, etc.