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Renters insurance

Protect your personal belongings and gain peace of mind

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Protect yourself and your belongings with renters insurance

Whether you’re renting an apartment or a house, let Elephant help you understand your insurance options. Protect your personal belongings and gain peace of mind.

Why do I need renters insurance?

Renters insurance protects your personal property and also protects you if someone were to get hurt in your home. If you rent your place, whether it’s an apartment or a single-family dwelling, renters insurance can provide you with a lot of protection at a super affordable price.

One of the most common mistakes that renters make is assuming their landlord’s insurance policy will cover them. Unfortunately, that’s usually not the case. Your landlord’s insurance policy covers the building itself, but most likely not any of the contents—including all of your personal property. That’s where your renters insurance policy comes in.

A group that should especially consider renters is college students. We hate to sound like your parents, but if you’re a student attending college—and not living with your folks—it’s wise to at least consider covering your belongings. We know how expensive school supplies and equipment are, and between variables like new roommates, old buildings, or occasional parties, it’s best to be prepared. To learn more, check out our blog on Renters Insurance for College Students.

What does renters insurance cover?

Renters insurance is made up of three components—personal property coverage, loss of use coverage, and personal liability coverage. 

Personal property coverage  

If your personal belongings are damaged, this helps you with the cost of replacing them

Loss of use coverage

If your home is damaged, this pays for additional living expenses during repairs, such as temporary housing

Personal liability coverage  

This provides protection against potential lawsuits if someone is injured on your property

Personal property coverage

Personal property coverage on your renters policy protects your personal belongings from loss or damage due to events like fire, windstorm, burglary, smoke, hail, theft, or vandalism. If something were to happen, the cost of buying new computers, TVs, furniture, and clothing adds up quickly.

Depending on the type of policy you purchase and what’s covered, if your property is damaged, your renter’s insurance policy will reimburse you for either the actual cash value or the replacement cost value of your lost property. Considering that renters policies typically start at less than $1 a day, renters insurance is an incredibly inexpensive way to protect your financial future and give yourself a little peace of mind.

Loss of use coverage

If something happens to your home, most renters policies will help you with temporary living expenses if you can’t stay at your place while it’s being repaired.

Personal liability coverage

In addition to protecting your personal belongings from loss, a typical renter’s insurance policy also provides coverage in case someone should slip and fall or get hurt in your home. This coverage can help pay for the medical expenses of third parties or the legal bills for defense against claims.

How much does renters insurance cost?

Most renters policies start at less than $1 a day, which makes it an incredibly inexpensive way to protect your financial future and give yourself a little peace of mind.

Getting a quote for renters insurance is easy

To get a quote, first, take an inventory of what you own. This will help you decide what level of coverage makes you the most comfortable. Then, call 844-937-5359 to get a quote. One of our insurance specialists will answer any questions you have and will walk you through the process. You can also quote online.

Bundle with Elephant for additional savings

With Elephant you can easily get a renters insurance quote that fits your needs. Additionally, auto insurance customers receive a discount for bundling a renters insurance policy, making it even more affordable to buy through Elephant.

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