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Why Do I Need Renters Insurance?

Why do you need renters insurance? Your renters insurance provides coverage for your possessions in case of a fire, theft, or other peril. It’s a common misconception that a landlord's insurance covers the renter’s possessions. Your landlord's insurance does not. It covers damage or loss only to the structure of the building in which you live.
Renters insurance consists of the following common coverages:

  • Personal property (Coverage C) covers your possessions such as furniture, clothing, and consumer electronics. It does not cover real estate property.
  • Loss of use (Coverage D) takes into account expenses you'll have if your home is uninhabitable because of a covered loss. It pays for temporary lodging and living expenses.
  • Personal liability (Coverage E) and medical payments to others (Coverage F) protects you no matter where you are. Both coverages pay medical expenses, bodily injury and/or property damages that may be awarded against you if you are held legally responsible. Any necessary court costs are also covered.

At Electric Insurance, our experienced representatives can help you decide what and how much you need for renters insurance. Just call 1-800-342-5342.
     
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Electric Insurance Company is a national writer of personal insurance, specializing in car insurance, home insurance, umbrella coverage and more. We were established in 1966 to serve the needs of General Electric employees. We now also offer our insurance products to the general public. Given our roots, it's not surprising that we look at the insurance business a little bit differently. It wasn't long before relatives and friends of GE employees noticed how happy they were with their home insurance and car insurance and asked if we would provide them with auto insurance too. Today, individuals and families with no formal ties to General Electric hold more than half of our home and car insurance policies. Our goal is to become the preferred home and car insurance carrier for both GE employees and individuals and families from the general public who appreciate the great value and exceptional service we provide.

*Note: Insurance policies available in the U.S. only. Discounts vary. Not all products or discounts available in all states. Any information contained in this site is general in nature and can not cover all circumstances or policies. For specific information, please refer to the actual policy or contact Electric Insurance from 7 am until 8 pm Eastern Time at 1-800-342-5342 or via email.