What Does Renters Insurance Cover? - Nationwide (2024)


Renters insurance

What does renters insurance cover?

Renters insurance is an insurance policy that can cover theft, water backup damage, certain natural disasters, bodily injuries and more in a rented property. If you rent an apartment, home or even a dorm, renters insurance is recommended for protecting your space and belongings in the event of a covered accident. Get a free renters insurance quote in minutes.

Can you afford not to have it?

No matter how modest your lifestyle, replacing all your belongings can add up.

Replacing the basics could look something like this:

What Does Renters Insurance Cover? - Nationwide (1)

This is a hypothetical illustration. Actual coverage amounts and limits vary based on individual needs and policy.

Renters insurance coverage can help you replace these items and more.

Basic renters insurance coverages


Helps protect your furniture, clothing & other items from covered losses.

Loss of use

Provides reimbursem*nt for additional living expenses when a covered loss prevents you from living in your home.

Personal liability

Get help paying for covered damage or bodily injury caused by an accident that occurs in your home.

Medical payments to others

May help pay for medical or funeral expenses for someone who is injured on your property.

Building additions & alterations

Pays for covered damages to additions, alterations, fixtures, improvements or installations that you make to your home.

Credit card coverage

Pays up to your selected limit for unauthorized transactions on your credit cards and bank debit/ATM card. Also applies to forged checks and counterfeit money.

Brand New Belongings®

When the things inside your home are damaged or stolen, we’ll help you pay to have them fixed or replaced.

First, you’ll get money for the depreciated value of your covered items. Then, after you buy replacement items or have them repaired, send us the receipt and we’ll pay you the difference.1

Optional renters insurance coverages

Valuables Plus®

Provides additional coverage for high-value items such as jewelry, watches, antiques and fine art.

Water backup

Protects you against loss caused by backed up sewers or drains.

Theft extension

Provides extended protection for your personal belongings stored in or on any motor vehicle, trailer or watercraft.


Pays up to your selected limits for covered losses to your property caused by earthquakes or volcanoes.

Other policies to consider

Auto insurance

Lots of auto insurance companies can give you a quote. But we back it up with our superior claims team.

Get car insurance

Flood insurance

Because renters insurance doesn't cover flood damage.

Get flood insurance

On Your Side® Review

Make sure your insurance keeps up with your life and you get all the discounts you deserve.

More about On Your Side® Reviews »

What Does Renters Insurance Cover? - Nationwide (2)

Insurance terms, definitions and explanations are intended for informational purposes only and do not in any way replace or modify the definitions and information contained in individual insurance contracts, policies or declaration pages, which control coverage determinations. Such terms may vary by state, and exclusions may apply.

1Brand New Belongings is an optional feature. Exclusions and limits apply. Damaged items may be repaired in some cases. Details vary by state and policy language. Please consult your policy for the specifics of your selected coverages. Subject to underwriting guidelines, review, and approval.

What Does Renters Insurance Cover? - Nationwide (2024)


What does renters insurance include coverage for? ›

Renters insurance covers personal property, personal liability, medical payments and additional living expenses or loss of use, up to the limits of your policy.

Which of the following is not covered by renter's insurance? ›

Standard renters insurance will likely only cover situations listed in your policy, like fire, theft, and vandalism. Natural disasters, like floods and earthquakes, are generally excluded, though you may be able to add extra protection for an additional cost.

What does renters insurance not include? ›

What's Not Covered. Unfortunately, renters insurance does not cover all losses. For example, it does not cover natural disasters that aren't specifically listed in your policy, such as floods and earthquakes. Renters insurance does not cover losses related to a personal business either.

Does renters insurance cover moving costs? ›

Unless you're moving to relocate while your rental home is repaired due to a peril covered by your renters insurance policy, the cost of your move is not covered either. Licensed moving companies usually offer coverage for damage while they have your stuff. Third-party moving insurance is also available.

What are the three major parts of a renter's insurance policy? ›

Renters insurance has three basic coverage components: personal possessions, liability, and additional living expenses.

Does renters insurance cover broken windows? ›

Broken Windows in Your Home

Renters insurance will not cover a broken window in your own residence. Renters insurance only covers your personal property, not the home. Damage to the physical structure of the building you live in, which includes a broken window, is covered by your landlord insurance.

What are three examples of things that could occur that renter's insurance would not cover? ›

Items not covered with renters insurance include:
  • Personal property loss that exceeds the coverage limits on your renters insurance policy.
  • Liability situations that exceed the limits on your policy.
  • Damages caused to the structure of the building you are renting (which is covered by your landlord's homeowners policy).
Apr 3, 2024

What are 5 different events that would cause losses that would be covered by renters insurance? ›

Why do you need renters insurance, you ask? Well, look no further...
  • Your phone's stolen at a music festival. ...
  • Your laptop's swiped while traveling. ...
  • Your bike's stolen (even though you locked it) ...
  • Your neighbors leave their faucet on, and it floods your apartment. ...
  • Your plumbing leaks, damaging your stuff.

Does renters insurance cover broken TV? ›

Renters insurance can cover all sorts of electronics, including video game consoles, TVs, and computers. That means that your policy may help pay to repair or replace your tech in certain situations, like if they're stolen or damaged by a fire. In insurance speak, these scenarios are referred to as covered perils.

Does renters insurance cover hotel stays if AC is broken? ›

Typically, your renter's policy will not cover your hotel due to your air conditioner being out. A broken AC is not considered the loss of use of the dwelling (home) — they typically only pay for other accommodations when the entire dwelling is uninhabitable.

How does a renters insurance deductible work? ›

How does a deductible work for renters insurance? Renters insurance deductibles are applied the same way as homeowners and condo insurance deductibles. If you file a claim on a covered loss, your insurer will pay you the amount above your deductible, up to your policy's limit.

Does renters insurance cover pet damage? ›

Renters insurance may cover pet damage as part of your policy's liability coverage. This may help protect your finances if your pet injures someone else or damages their property. However, renters insurance won't cover damage to your own property that's caused by your pet.

Does renters insurance cover moving due to mold? ›

If you notice mold after moving in, your renters insurance policy may not cover the damage or removal, but your landlord or rental company may be liable. If your apartment or rental house is damaged from outside flooding that causes mold, your renters policy typically won't cover the damage.

What insurance do you need when moving? ›

Moving insurance covers losses or damage to your possessions during a move. Because moving puts your possessions at risk of damage and theft, a moving insurance policy can help reimburse you for any mishaps during the moving process.

How do you cover moving costs? ›

Whether it's through savings, using a personal loan, credit card or asking your employer for relocation assistance, there are ways to cover the expenses of a move without breaking the bank. However, it's important to carefully evaluate each option and understand the full cost of each.

Which of the following is covered by rental insurance? ›

Renters insurance is an insurance policy that can cover theft, water backup damage, certain natural disasters, bodily injuries and more in a rented property.

What is the average monthly cost of renters insurance in Maryland? ›

The average price of renters insurance in Maryland is $194, which is a little less than $16.17 per month.

What factors do you think determine the premium paid for a renters insurance policy? ›

Some location-based factors that impact renters insurance rates can include: The rate of crimes, especially theft, in your ZIP code. The weather and climate in your area, since locations prone to fires, storms and hurricanes are riskier. The age and condition of the property you live in.

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