Renting is a great option for many families and individuals in the Des Moines Metro. Make sure you are covered, your possessions are worth a lot. When you rent an apartment or house, you need insurance that covers your belongings in case of an unfortunate event. Renters insurance protects your possessions and it's typically very affordable.
Basic Renters Insurance Covers
- Furniture, Clothing, and Appliances
- Many personal belongings
- Some improvements you've made to the rental unit
- Covered items you take while traveling
- Additional living expenses if you have to move out during repairs
- Personal liability coverage provides protection if someone is accidentally injured while in your home, or their property is damaged by you, your children or your pets
Optional Renters Insurance Features
- Legal costs related to an injury at your residence or property damage
- Fire damage to your apartment if you are held legally responsible
- Identity theft – unauthorized use of your credit cards, ATM cards, or checks
Renters Insurance F.A.Q.
Why do I need Renters Insurance?
You need renters insurance to cover you if any of your furniture, electronics, books, or other belongings get damaged or destroyed. Renters insurance also covers you in the event that someone else is injured in your apartment or home or someone's personal property is damaged and sues you.
Do I need Renters Insurance even if my landlord has insurance?
Yes. Although your landlord almost certainly has property and liability insurance, your landlord's policy does not cover the items that you keep inside your apartment or home. And it does not protect you if a guest is injured and sues you for liability.
How much does Renters Insurance cost?
Renters insurance probably costs less than you think. It should run you roughly $10 - $25 per month, and you may be able to benefit from certain discounts.
What if I do not have much personal property?
Chances are your personal property is worth more than you think. If you do not have much personal property to insure, then you can save money by choosing a lower policy limit. The reason we insure our property is to quantify the cost of replacing all of our property into a monthly fee.
Do I need Renters Insurance if I rent a Condo, Co-op, or House?
Yes. Renters insurance is important as long as you rent your home. It applies the same whether you rent an apartment, condo, co-op, or house.