Renters Insurance

A kind of home insurance designed to protect the holder from liability arising out of losses, damages and accidents that occur in a rented home, apartment or condo. Policies usually include replacement cost.

803 Questions

What is NYC insurance protection class code?

The local fire department should know. Call the fire dept that responds to the area where the property is located.

Where can you get renters insurance quotes?

Renters InsuranceOnline quoting services can be useful if you know everything you need to know about balancing risk and premium. However, the cheapest policy may not be providing you the protection you need or want.
  • I always recommend you check with a local independent agent who represents multiple companies. Also, one common mistake made when buying renters insurance is accurately valuing your personal property. A great (and FREE) tool is provided by the Insurance Information Institute. It is free downloadable software to help you figure out exactly what the replacement value of your belongings should be.

Can you share renters insurance with your roommates?

Renters insurance is definitely worth getting. Most agents or brokers from whom homeowners insurance can be purchased can also write renters insurance.

As for renters insurance being shared... since you are renting the premises, renters insurance covers contents only (not the structure of the building). The policy that you buy will specify the meetes and bounds of what is covered. It is important that you list on the application or other document tendered by the agent, the items that you wish to insure. The value of the items will determine the amount of coverage that you buy.

If you are buying the insurance with your roomate, be sure that both of you are shown to be insureds on the policy. Keep in mind, though, that if you part ways, the policy may have to be altered for the person who moved because the risk has changed (the property insured will be relocated to a new location).

Get receipts, photos, and descriptions ready for each of the items, especially the expensive items, and tell your renters insurance company that you want to add additional items to your renters insurance policy.

Can a landlord require a last months deposit after you have signed a lease and paid the first month's rent and a security deposit?

The answer below is pretty much correct. It is important to understand that there is rent and security. The deposit is to cover losses and protect the landowner against you if you have bad credit or if you demolish the apartment. The owner must deposit this in a separate security account that carries interest payments on your money.

Only if it is included in the wording of the lease that was signed. If there is no clause requiring last month's rent. Then the request by the landlord is unenforceable.


Better if you are going to review your contract because that is the only way to know if the things that your landlord's doing are legal. There are times that they are allowed to ask for last months deposit because they need to be assured that even though you will be evicted or move out without ending the lease and you choose not to pay your last monthly rental fee at least they have your last month deposit.

What is the average cost of renters insurance in North Dakota?

The best way to find out is to contact a local agent or agency and ask for quotes or at least a ballpark estimate. Rates vary widely from company to company so be sure you shop around.

Does renters insurance cover your stuff when outside your house?

There are different types of insurance, may be the insurance cover you are opting doesn't cover your stuff when you are outside the house premises. In that case you should ask your insurance agent to provide that insurance to you.

Do you have to hire your insurance company's recommended adjuster?

Insurance companies investigating or handling a claim appoint an adjuster. I know of no instance where an insured or claimant would hire an insurance companies adjuster.

If you disagree with the company adjusters valuation or handling of your claim, You are welcome to go out and hire your own public adjuster to get a second opinion.

Insurance who is the best?

In India, there are numerous insurance companies available for providing you both online and offline insurance policies. You will get your policies from these insurance companies. If you want your policies by comparing, then go for an online third-party insurance provider company cause these companies are offering to compare insurance policies with many insurance providers and you will get the best policy at an affordable price rate.

Renew two-wheeler insurance online in India.

Does renters insurance cover your rent if you lose your job?

Yes. there is renter's insurance that offers optional "Involuntary Unemployment" insurance coverage.

Will your renter's insurance policy be cancelled if you buy a 30-gallon aquarium for your apartment?

Renters Insurance and Pets Most likely it will not effect your renters insurance or your rate simply because your policy would not cover damages that result from your choice of pet.

Your renters insurance policy typically excludes coverage for damages and injuries incidental to pet ownership. When it comes to pet fish, Occasional tank leaks and breakage are a normal expected occurrence and would likely not be considered eligible for Hazard coverage.


  • ** It depends, you would need to read over your policy to see what the exclusions are. Most likeyl you wont be cancelled but just research your policy or even call your agent and ask them.
Another Take It shouldn't really be a problem. It really does depend on your landlord and insurance, but as long as you're not, say, insetting the tank into the wall, or there's a high risk of permanent water damage to the floor and wall, you should be alright.


You may want to verify with the landlord if you are putting in a large tank, that the structure will be able to support the weight. Or, get a ground floor apartment, where any weight or leak is less likely to become an issue.

If you rent out part of your house how do you figure the amount of deductible expenses like utilities and insurance?

Tax Deductions for Partial RentalsHere is some advice from Wiki s community members:
  • If you rent part of your property, you must divide certain expenses between the part of the property used for rental purposes and the part of the property used for personal purposes, as though you actually had two separate pieces of property.
  • If an expense is for both rental use and personal use, such as mortgage interest or heat for the entire house, you must divide the expense between rental use and personal use. You can use any reasonable method for dividing the expense. It may be reasonable to divide the cost of some items (for example, water) based on the number of people using them. However, the two most common methods for dividing an expense are one based on the number of rooms in your home and one based on the square footage of your home. [See Publication 527 at for more information.]
  • IN the case of electrical use, install a separate electrical meter for the rental unit, and insist that the tenants have to put up the deposit to get the "power turned on" themselves, that way you are protected if they don't pay the electric bils. Same thing for telephone and cable tv services.

Do you need to keep renters insurance on an apartment if you go out of state for a few months?

As long as it is just a visit, and your primary residence is still the apartment that you rent, keep the insurance. Many leases, even residential ones, require that insurance be maintained during the term of the lease, with the landlord named as an additional insured. Therefore, were you to cancel coverage, you may be deemed to be in breach of the lease.

Additionally, renters insurance covers primarily contents and those things "within the 4 walls"; the landlord's coverage generally covers the structure. Therefore, were there to be a covered loss while you were away and the insurance had been cancelled, you would be effectively uninsured.

It is also important to check the insurance policy to determine whether or not there are provisions requiring you to notify the insurer or the agent of your extended absence. The reason for such a provision is because, in theory, a greater risk of loss may be considered to exist in a vacant unit that has no one monitoring potential problems (such as leakage of water), that could give rise to a claim.

Review the policy with your agent prior to departing, but keep it in force.

What does paying the last month's rent mean?

== == Usually paying the last month rent means you pay the regular rent plus a closing fee which means if there are any damages done to the place that was not there before you then you have to pay so much for that too. == == The usual practice is to pay the "first and last" month's rent when you move IN to the unit. This means that the owner is holding a amount that is equal to the last month's rent that you occupy the unit. This is so you can't skip owing rent.

How much does renters insurance cost?

The answer completely depends on where the property is, how big it is, and all other kinds of actuarial data that insurance companies use. It is usually less expensive than both auto and homeowners in the same area. Best thing you can do is pick up the phone and call a few companies. If you don't know you're renting yet, just make up something similar to what you want to rent to get a ballpark number. Insurance agents can give you a quote in five minutes. Call more than one, but if you are comparing, make sure it's for the same coverages and deductibles.

If a skylight was damaged in a fire in a rental house is that the responsibility of the renter or owner?

Most Renters Insurance has a Liability component as well as personal property coverage. So if the fire was the renters fault the landlord could sue the renter then the liability insurance would pay.

Does renters insurance cover fleas?

Depends on the policy and company. But most exclude animals, insects, and varmints.

What is the difference between retail and renter's insurance and can you use renter's insurance in a retail space?

Commercial Space Rental and InsuranceWhat you would need to buy for a commercial space is called Commercial General Liability Insurance. AnswerThere is a big difference between Retail and Renter's insurance. Retail insurance is for any type of basically a retail business that has an inventory used for retail purpose. Renter's insurance is used for a private individual or family that is renting a home or apartment and wants to protect their belongings from fire/flood/etc. You cannot use renter's insurance to protect a retail space which is considered business. Retail insurance does cost more. But to get the best answer to this question consult your insurance agent.

What rights do you have with the first and last months' rent?

The regulations regarding all monies paid by a tenant in advance to a landlord varies greatly by state and local municipalities. In California, specifically Los Angeles county where I live, a landlord is prohibited from requiring advance payment of rent and must call it 'security deposit'. Here, a rule, effective as of 1990 (but in a moratorium as of this year!), mandates payment of interest on any and all monies held more than 12 months. And, in researching rental rights for landlord and for tenant, I have come across many variants regarding advance and deposit payments that one would need to know your location for a definitive answer!

Are you responsible for damage to personal property other than your own if water damage occurs in your apartment?

If you were aware of a leak....informed no one, took no steps to repair or prevent the water from escaping your apartment and damaging your neighbor's are. However, if you are talking of a sudden and accidental occurence....neither you, the neighbors or the owner/landlord had warning or knowledge of the potential water escaping...your insurance covers your property, the neighbor's insurance covers his etc...

Are there any house insurance companies that cover infestation of bed bugs?

A bed bug infestation would be considered a normal maintenance issue and is not a covered peril under any homeowners insurance policy. Occasional exterminator treatment is a normal and expected cost associated with home ownership and maintenance.

Can you get rental insurance with a trampoline on the property?

Yes, most likely because renters is more for you, the apartments contents and your persoanl liability. Your landlord however could have his fire policy cancelled or require you to remove the liability so he is not at risk.

What does abode mean?

abode means a self containtain place to live in. A house or an apartment would be examples