Nadler Insurance
Insurance EducationVideo

Coverage Explanation: Renters Insurance

By Zach Nadler·

Show Notes

Quick summary

Renters insurance is one of the simplest ways to protect your belongings and your personal liability. This episode explains what renters insurance covers, what it does not, and how to choose limits.

What renters insurance typically covers

  • Personal property (contents): your belongings (often on and off premises)
  • Personal liability: helps if you’re responsible for someone’s injury or property damage
  • Loss of use: helps with extra living expenses if your rental becomes unlivable after a covered loss
  • Medical payments to others: smaller, no-fault coverage for guests in certain situations

    • What it typically does not cover

  • The building itself (that is the landlord’s policy)
  • Flood and earthquake (often excluded unless added separately)
  • Certain high-value items without scheduling (jewelry, collectibles)

    • Picking limits: a simple approach

  • Estimate what it would cost to replace your belongings.
  • Choose a liability limit that would still feel “okay” in a worst-case scenario.
  • Pick a deductible you can comfortably pay if you have a claim.

    • Common misconceptions

  • “My landlord’s insurance covers my stuff.” (Usually it does not.)
  • “I don’t own enough for it to matter.” (Replacements add up fast.)
  • “Renters insurance is only for theft.” (It can help with multiple covered losses.)

    • Quick checklist before you shop

  • Basic inventory (photos or a simple list)
  • Any high-value items you might want to schedule
  • Whether roommates need separate policies

    • Video

  • Watch here: https://youtu.be/T7z5SIcn7YQ?si=b-J379CKZ-rEtdPR

    • Notes