Do I need Renters Insurance Coverage?
Common Myths About Renters Insurance
"Renters insurance coverage is expensive."
State Farm® renters insurance is remarkably affordable. For just pocket change a day, our policy can provide affordable basic protection for your personal property and can 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 for something that happens in your rented residence. You could be held responsible for injury to another person or damage to another person's property if an incident occurred within your rented residence, or elsewhere. Without liability coverage, your current and future earnings could be at risk. Renters insurance coverage may also provide legal defense costs.
"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.