Do I need Renters Insurance Coverage?
Common Myths About Renters Insurance
"Renters insurance coverage is expensive."
State Farm® renters insurance is remarkably affordable. For premiums that average around $.40 per day, our policy may provide affordable basic protection for your personal property and may protect you in case of a liability lawsuit.
"The landlord's insurance covers me."
Your landlord's insurance generally only covers the building where you live - not your personal belongings and your liability.
"I don't need personal liability insurance."
Your landlord's policy most likely does not include liability coverage protecting you for something that happens in your rented residence. You could be held legally responsible for injury to another person or damage to another person's property if an incident occurred within your rented residence, or elsewhere.
"I don't own very much."
Most people's belongings are often worth more than they think. That's one reason why you need renters insurance coverage.
State Farm renters insurance is flexible, allowing you to select the coverages and insurance amounts that suit your needs.
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Actual annual premiums for Renters insurance will vary depending on coverages selected, amounts of coverage, deductibles, and other factors.
This is only a general description of coverage and not a statement of contract. Coverage is subject to the terms, provisions, exclusions and conditions in the policy itself and in any endorsements.
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