Renters Insurance
Your landlord’s policy covers the building — not your belongings, not your liability, and not your living expenses if disaster strikes. Renters insurance closes that gap for less than a dollar a day.
⚠️ Your landlord’s insurance does NOT cover your personal belongings, your guests’ injuries, or your temporary housing if you’re displaced. You need your own policy.
What Does Renters Insurance Cover?
Renters insurance bundles three essential protections into one affordable policy — typically $15–$30/month.
Personal Property
Covers your belongings — furniture, electronics, clothing, appliances — against fire, theft, vandalism, and more. Choose between:
- Actual Cash Value — replacement minus depreciation
- Replacement Cost — what it actually costs to replace today (recommended)
Liability Coverage
Protects you if someone is injured in your home or if you accidentally damage someone else’s property. Real scenarios this covers:
- Guest slips and falls at your place
- Party guest injured on your property
- Your washer overflows and floods the unit below
- Accidental fire that spreads to neighboring units
Loss of Use (ALE)
If a covered event makes your rental uninhabitable, Loss of Use / Additional Living Expenses covers:
- Hotel or temporary housing costs
- Meals while you’re displaced
- Other increased living expenses
How Much Does Renters Insurance Cost?
Renters insurance is one of the best bargains in insurance. Most renters pay between $15 and $30 per month — often as little as 51 cents a day.
Consider what it would actually cost to replace everything you own — laptop, TV, furniture, clothing, kitchen equipment, sports gear. Most renters underestimate their personal property value significantly.
Add replacement cost coverage instead of actual cash value, and the difference in monthly premium is just pennies — but the difference at claim time can be thousands of dollars.
Covered Causes of Loss
Standard renters policies cover a broad range of events. Here’s what’s typically included:
Note: Flood and earthquake damage require separate policies. Pest or vermin damage is typically excluded.
Bundle & Save
Stack your renters policy with auto insurance and unlock multi-policy discounts that can meaningfully reduce your total insurance spend.
Renters + Auto Bundle
Bundling with auto insurance is one of the easiest ways to lower your total premium with most carriers.
Independent Agent Advantage
We shop multiple carriers to find the right combination of coverage and price — you don’t have to call around.
Safety Discounts
Smoke alarms, deadbolts, and security systems can qualify you for additional discounts on your renters policy.
Frequently Asked Questions
What Our Clients Say
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From the Bancorp Blog
Get Renters Insurance Today
For less than a dollar a day, protect everything you own, your liability, and your right to a place to stay if disaster strikes. Let’s find you the right coverage.
