Renters insurance covers your personal property. You should carry enough renters insurance to cover your possessions in the event of a total loss. Inventory your property and take pictures to get a good estimate of the amount of coverage you need. I would make sure I had at least $100,000 in liability protection as well.
Agent/Agency Owner, Encore Insurance Group of Omaha, Omaha, NE
Renters insurance covers you and your property along with liability, coverage for living expenses you may need if because of a covered loss you can not live there any longer and a few other coverage. You should consult with your agent on the amount of coverage but I would start with taking a guess of how much you think it would take to replace all of your stuff if the worst happened. Remember the landlord or owner of the property does not have any financial interest in your property so make sure you get a renters policy.
One last thing there are policies that will pay you replacement cost and others that do not make sure you ask if the policy you are thinking about purchasing has replacement cost for you personal property.
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One last thing there are policies that will pay you replacement cost and others that do not make sure you ask if the policy you are thinking about purchasing has replacement cost for you personal property.