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Renters insurance is for tenants to cover personal belongings and items within the property. Lost, damaged, or stolen personal possessions are included in renters insurance.
Cost Average
Depending on your coverage and the location you have your insurance with the price will differ. Usually ranging from around $100 to $250 a year. The national average for renters insurance is $15 to $30 per month.
Personal Property
Depending on the location at which insurance agency holds your policy, it will differ. But typically a minimum of $2,500 worth of coverage.
Liability
Average liability costs are typically is $100,000 (Minimum), $300,000 and $500,000 limits. Financial protection against others such as accidental bodily injury and/or damage to their property.
Additional Riders
Coverage that you may need for collectibles, outdoor equipment, jewelry, and valuable personal items.