Renters Insurance: Why It’s Worth It


It took years for you to assemble that collection of beautiful antique china beautiful displayed in your dining room, but it takes a thief only minutes to steal them from your first floor apartment. Luckily, you can compare renters insurance quotes even more quickly than that with an Independent Insurance Agency.????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????

Theft isn’t the only thing a renter needs to be concerned about when purchasing a policy. Renters policies also cover the following:

1. Damage to your personal belongings (Also called: Personal Property or Coverage “C”) due to the following:

    • Fire, smoke, lightning, explosion
    • Wind (Tornado, etc.)
    • Water (Roof leaks, toilet/sink overflow, pipe bursts, etc)
    • Theft/vandalism (Covers belongings in your home, a storage unit and on the road as long as you own it)
    • Any other perils listed in your policy

2. Personal Liability (Bodily Injury & Property Damage):

    • If someone were to get hurt or injured in your rented unit
    • Animal bites by a pet you own
    • If your unit causes damage to the landlord’s building or another tenants unit or personal belongings.
      • Example: you accidentally leave a candle burning and a fire starts in your unit and progresses to another unit damaging part of the building, setting the sprinklers off and damaging your neighbors belongings. You are liable for all clean up, restoration and possibly your neighbors belongings.
      • Example: your toilet is clogged and overflows. You are gone for the weekend and the water starts seeping into the ceiling of your neighbor below you. You are liable for restoration and possibly your neighbors belongings.

3. Medical Payments:

    • Medical payments are a way to offer a hurt or injured person a small payout without dipping into the liability portion of the insurance policy. This would of course only be used if the injury were on a smaller scale as medical payments typically only go up to $5,000 or $10,000 per person.

4. Loss of Use:

    • If the complex has a covered peril claim such as a fire or tornado and all tenants must vacate while the units are under construction, there is a coverage called “loss of use” which provides reimbursement if the renter needs to find alternative accommodations for a period of time and covers Additional Living Expenses, such as hotel bills, transportation, restaurant meals or groceries, etc.

5. Scheduled Items:

    • Renters are able to schedule more valuable items on their insurance policies, to ensure the full value is paid out and the deductible is waived. If some of these items are not schedule, there could be little to no coverage for them in the “Personal Property” section on  the policy. Some examples of items regularly scheduled include:???????????????????????????????????????????????????????????????????????
      • Valuable jewelry
      • furs
      • antiques/collectibles
      • silver/gold/rare coins
      • guns/rifles
      • computers/electronics/cameras
      • Fine art
      • other valuable collections

Renter’s Insurance, as you can see, is extremely valuable and always necessary for any tenant regardless of how valuable or invaluable they feel their personal belongings are. Purchasing renters insurance is much more than providing peace of mind that if there were a fire, you would be able to replace all of your possession’s brand new. It is reassurance that you are covered if your dog bites the pizza delivery person, you fall asleep in your zen haven but that sneaky candle didn’t get blown out, you are out of town and a pipe bursts because you forgot to follow the landlord’s “slow drip” request during extreme cold temperatures, and if you are required to vacate the building, you have a “safety net” to cover additional living expenses.


Not only is renters Insurance a necessary and great investment, but it is usually inexpensive too! For some, it can cost as little as a few cups of coffee a month!

How much will your Renters Insurance Policy cost? Find out here: Quote Request


Blog post written by: Ashley Ostrowski, Agency Producer of family owned Independent agency: Ostrowski Insurance Agency.

Ashley has been in the Insurance Industry for over 4 years and specializes in Personal Lines, Life, Health, Disability, Critical Illness and Long Term Care policies. She is extremely passionate about insurance and educating her customers on the policies they need in place. She resides in Stillwater, MN and in her spare time she spends time with her Fiancé and dogs, immerses herself in gardening and holistic approaches, works on her bridal accessory fashion line and loves staying active!

The best advice I’ve picked up from the principal agent John, also my father by working in the family business: People often ask us…what is the best type of Life Insurance Policy for me? The policy that is in force and active when you pass away. It needs to be affordable for the consumer so it stays in place when they need it.”  -Ashley Ostrowski

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