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Renters Insurance Coverage

Renters insurance coverage is designed for those who rent an apartment, a condo, or a home to cover belongings in the case of accidental damage or covered losses such as fire or theft.

Get a Renters Quote

Don’t know if you need renters insurance? Ask yourself these questions:

  • How much are my belongings worth?
  • If they were lost in a fire or destroyed by an accident, could I buy them all back?
  • What would I do if someone were injured in my apartment and made a covered claim against me?
  • What if you are found legally responsible for damages to someone’s property?

Your belongings are likely worth more than you know. The average renter owns about $35,000 worth of property that isn’t covered by their landlord’s policy.

Get started with a renters insurance policy quote.

What Does Renters Insurance Cover?

Renters insurance can help you replace stolen or damaged items – whether they’re in your home or with you when you travel.

Personal Property

From mobile phones and tablets to indoor and outdoor furniture, renters insurance may cover losses from:

  • Accidents: impacts from vehicle, falling objects that hit your property, fire, smoke, water damage from plumbing or appliances
  • Weather impacts: weight of snow, sleet, or ice; lightning, windstorms, hail, and water damage from freezing of plumbing systems
  • Malicious mischief: vandalism, theft, riots or civil commotion

Special coverage limits apply to certain types of personal property, including:

  • Boats and other watercraft equipment
  • Money, bank notes, and coins (including collections)
  • Property used or intended for use in a business
  • Securities, checks, travelers checks, gift cards, phone cards
  • Stamps, trading cards, and comic books (including collections)
  • Theft losses of jewelry, furs, firearms, silverware and goldware, rugs, tapestries, and wall hangings


A renters insurance policy covers liability you may have in the event of a covered claim which causes bodily injury or property damage. It may also provide payment for legal defense against any covered claims or lawsuits.

You may also be covered for medical expenses (up to the limits in the policy) for people on your premises who are injured in an accident.

Want to make sure your cat or dog is insured? You can add pet medical insurance for any accidents or injuries they suffer.

Loss of Use

When your home is damaged and you’re unable to live in it due to an insured loss, this coverage provides additional living expenses for the shortest time needed to repair (or replace) the premises, or for the people in your household to settle in another home for up to 24 months.

Optional Renters Insurance Coverages

Coverages available for an additional premium include, but are not limited to:

What Does Renters Insurance Not Cover?

While a State Farm® Renters Insurance policy covers common types of loss like those listed above, there are some losses it doesn’t cover:

  • Property damage to your buildings, roof, and siding (these are covered by your landlord)
  • Water damage caused by flooding or underground water
  • Damage caused by earth movements, such as earthquakes and landslides

How Much Renters Insurance Coverage Do I Need?

Buying insurance requires a kind of balancing act. Buy too much coverage and you're losing hard-earned money. Buy too little and you leave yourself open to hardship and significant financial loss.

For renters insurance, finding the right balance means choosing accurate, appropriate limits for your personal property and liability coverage. For the best results, this process may require a bit of effort. But if you're strapped for time, there are some shortcuts you can take, too.

Take an Inventory

Personal property coverage is probably the main reason you purchase a renters policy. The coverage will reimburse you for covered damage, loss, or theft of your personal possessions up to a certain dollar amount, so you'll want to make sure you get that amount right.

Performing a home inventory is a good way to determine how much property coverage you need:

Follow this step-by-step checklist to inventory your personal property:

  1. List each item, when you acquired it and the purchase price or current value.
  2. Total the amounts of these items for a rough idea of what your property is worth.
  3. Once this is done, put your inventory in a safe place away from home - for example, in a bank safe deposit box.
  4. Consider adding photos to your inventory - they can help if you have a claim.

You can also use our contents calculator to help you determine the amount of personal property coverage you want. This service is part of our online renters insurance rate quote.

Save with an Auto and Renters Insurance Bundle

You might be eligible for a discount when you combine the purchase of your State Farm auto and renters insurance policies. Find out if you’re eligible for premium discounts on both policies by contacting a State Farm agent.

Helpful Resources From Simple Insights®

Take advantage of what we've learned through the years in Simple Insights.

How to Find an Apartment

How to Find an Apartment

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Prepare With a Rental Property Checklist

Prepare With a Rental Property Checklist

Use our rental property viewing checklist so you're organized and prepared when looking at rental listings.

What makes a good tenant? Keeping your rental property in tip-top shape.

What makes a good tenant? Keeping your rental property in tip-top shape.

Taking care of your rental might allow for rent negotiations and more favorable terms of the lease.