--- title: Renter’s Insurance Could Save You from Potential Disaster description: Protect your belongings with renter's insurance. Don't assume your landlord's insurance covers your losses. Find affordable coverage and your peace of mind image: https://blog.concklin.com/hubfs/Imported_Blog_Media/keys_and_lease.jpg --- [Skip to content](https://blog.concklin.com/blog/renter-s-insurance-could-save-you-from-potential-disaster.html#main-content) [facebook-f icon](https://www.facebook.com/ConcklinInsurance) [linkedin-in icon](https://www.linkedin.com/company/concklin-insurance-agency) [Twitter icon](https://twitter.com/ConcklinA) [youtube icon](https://www.youtube.com/channel/UC_HnJQ4S_USSxBJkauXwu6A) [**Contact Our Team **](https://insurance.concklin.com/compare-quotes#CLQuoteRequest) **[630-268-1600](tel:+16302681600)** **[Contact Our Team](https://insurance.concklin.com/compare-quotes#CLQuoteRequest)** ****[630-268-1600](tel:+16302681600)**** [![Concklin Logo-1](https://blog.concklin.com/hs-fs/hubfs/Concklin%20Logo-1.png?width=314&height=100&name=Concklin%20Logo-1.png)](https://insurance.concklin.com/) - About Us Show submenu for About Us - [Our Story](https://insurance.concklin.com/about-us-who-we-are) - [Our Team](https://insurance.concklin.com/meet-our-team) - [Contact Us](https://insurance.concklin.com/contact-us) - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance Show submenu for Life & Health Insurance - [Life Insurance](https://insurance.concklin.com/life-insurance) - [Health Insurance](https://insurance.concklin.com/health-insurance) - Resources Show submenu for Resources - [Claims Resources](https://insurance.concklin.com/claims-resources) - [Cyber Resources](https://insurance.concklin.com/cyber-insurance-resources) - [Blog](https://blog.concklin.com/) - [Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) Open main navigation Close main navigation - About Us Show submenu for About Us - [Our Story](https://insurance.concklin.com/about-us-who-we-are) - [Our Team](https://insurance.concklin.com/meet-our-team) - [Contact Us](https://insurance.concklin.com/contact-us) - [Markets & Industries](https://insurance.concklin.com/industry-specific-insurance-programs) - [Business Insurance](https://insurance.concklin.com/business-insurance-coverage) - [Personal Insurance](https://insurance.concklin.com/personal-lines-insurance-coverage) - Life & Health Insurance Show submenu for Life & Health Insurance - [Life Insurance](https://insurance.concklin.com/life-insurance) - [Health Insurance](https://insurance.concklin.com/health-insurance) - Resources Show submenu for Resources - [Claims Resources](https://insurance.concklin.com/claims-resources) - [Cyber Resources](https://insurance.concklin.com/cyber-insurance-resources) - [Blog](https://blog.concklin.com/) - [Video Library](https://blog.concklin.com/video-library) - [Client Portal](https://insurance.concklin.com/client-portal) - [Make A Payment](https://concklin.appliedpay.com/) --- Jun 27, 2017, 12:00:00 AM # Renter’s Insurance Could Save You from Potential Disaster ![Picture of Amanda Yaniz](https://blog.concklin.com/hs-fs/hubfs/Amanda%20Yaniz.jpeg?width=50&name=Amanda%20Yaniz.jpeg) [Amanda Yaniz](https://blog.concklin.com/author/amanda-yaniz) Share: [facebook-f icon](http://www.facebook.com/share.php?u=https://blog.concklin.com/blog/renter-s-insurance-could-save-you-from-potential-disaster.html) [linkedin-in icon](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.concklin.com/blog/renter-s-insurance-could-save-you-from-potential-disaster.html) [Twitter icon](https://twitter.com/intent/tweet?url=https://blog.concklin.com/blog/renter-s-insurance-could-save-you-from-potential-disaster.html) [envelope icon](mailto:?body=https://blog.concklin.com/blog/renter-s-insurance-could-save-you-from-potential-disaster.html) Imagine the horror of coming home to find your belongings destroyed or stolen. Then you find out your landlord’s insurance won’t cover your losses. Most people know the legal requirements relating to car, health, and homeowner’s insurance but often do not consider optional coverage, such as renter’s insurance. Did you know 95% of homeowners insure their dwellings, but only [41% of renters carry](http://www.consumerreports.org/insurance/why-renters-insurance-is-worth-buying/) similar coverage? Renters may assume their landlords’ insurance covers their belongings, might not know renter’s coverage is available, or think the odds of something happening to them are low. Renter’s insurance works a lot like homeowner’s insurance except it’s typically less expensive to purchase. While carrying rental insurance is not required by law, many property owners, landlords, and property management companies require renters to purchase liability coverage. ## “It’ll never happen to me.” People often tend to think catastrophes won’t happen to them, but this mindset can lead to potentially devastating effects. While landlords are responsible for maintaining buildings, they aren’t responsible for tenants’ possessions. For instance, if a fire, storm, theft, or vandalism were to occur, your landlord would be accountable for any damage or loss to your building — but you wouldn’t be reimbursed for your possessions. ## Renter’s insurance protects you While some can get by only owning a futon and a microwave, most people possess electronics, clothing, furniture, and other valuables that are expensive to replace. Even if you don’t own much, renter’s insurance can protect you if: - Your dwelling is declared uninhabitable due to damage and you need help covering living expenses. - Someone is injured in your home due to your negligence. - Your dog bites an invited or uninvited visitor. - You accidentally leave the water in your bathtub running and flood surrounding apartments. Keep in mind, aside from actual replacement costs, you could also be responsible for medical bills or be named as a defendant in a lawsuit should the worst happen in your rental property. ## What to look for in a policy Even on top of rent, utilities, and other necessities, most people find renter’s insurance to be affordable. On average, [renter’s coverage costs about $12-$30 a month.](http://www.thesimpledollar.com/best-renters-insurance/) When shopping for insurance, you’ll want to: - **Compare** lower premiums with higher deductibles to higher premiums with lower deductibles. - **Understand** the actual cash value (ACV) of your belongings versus their replacement cost value (RCV). - **Look at** any additional property you might want to cover in your policy, such as jewelry, furs, or fine art. - **Consider** adding coverage not included in standard policies, such as flood or earthquake insurance. - **Bundle** your renter’s insurance with your car, franchise, or other insurance policies as many agencies offer multi-policy discounts. When considering whether renter’s insurance is right for you, the big question you’ll want to ask yourself is, “Can I afford big losses or legal expenses?” [Personal Lines Insurance](https://blog.concklin.com/tag/personal-lines-insurance) ## Related posts [![Graphic of a handshake in front of a red car](https://blog.concklin.com/hs-fs/hubfs/Imported_Blog_Media/car_rental.jpg?height=200&name=car_rental.jpg)](https://blog.concklin.com/blog/rental-car-insurance-money-wasted-or-well-spent.html) [Auto Insurance](https://blog.concklin.com/tag/auto-insurance), [Personal Lines Insurance](https://blog.concklin.com/tag/personal-lines-insurance) ## [Rental Car Insurance: Money Wasted or Well-Spent?](https://blog.concklin.com/blog/rental-car-insurance-money-wasted-or-well-spent.html) ![Picture of Amanda Yaniz](https://blog.concklin.com/hs-fs/hubfs/Amanda%20Yaniz.jpeg?width=50&name=Amanda%20Yaniz.jpeg) [Amanda Yaniz](https://blog.concklin.com/author/amanda-yaniz) Mar 22, 2018, 12:00:00 AM Have you ever rented a car and felt awkward confusion when the representative asked you to accept... 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