How expensive is renters insurance and what does it cover?
Renters insurance is typically available starting at less than $100 annually. It usually covers personal property inside your apartment on a named peril basis and includes personal liability protection. The named perils include: 1) fire or lightning, 2) windstorm or hail, 3) explosions, 4) riots, 5) aircraft, 6) vehicles, 7) smoke, 8) vandalism or malicious mischief, 9) theft, 10) falling objects, 11) weight of ice, snow or sleet, 12) accidental discharge or overflow of water or steam, 13) sudden or accidental tearing apart, cracking, burning, or bulging, 14) freezing, 15) sudden and accidental damage from artificially generated electrical current, and 16) volcanic eruptions. Renters coverage applies to your personal property anywhere in the world.
