What does renters liability insurance cover?
Typically, renters liability insurance covers damages to other people’s property and other people’s injuries that you’re responsible for. It may include things like:
- Dog bites — even at the dog park
- Injuries from slipping and falling
- Fire damage to other apartments
You might be wondering if your landlord’s insurance would cover a guest’s injuries or damage to other apartments caused by things like a fire or a leak. Your landlord’s insurance generally covers damage to the building itself and injuries that occur in common areas, like in the hallways or on the sidewalks — but it won’t cover injuries or accidents that occur in your unit.
How much does renters liability insurance cost?
Renters liability insurance may be included with your standard renters insurance policy, but you can purchase higher coverage limits if you think you need more. If you choose a higher coverage limit, your renters insurance premium will go up, but it’ll be worth it to pay a few more dollars a month if the unexpected happens.
How much liability coverage do I need for renters insurance?
A typical renters insurance policy comes with $100,000 of renters liability coverage. But you may need more if you have more to protect. Depending on your income and other assets, you’ll want to consider more liability insurance to keep your finances safe should you be found at-fault for injuries or damages.
Need more liability coverage? Consider umbrella insurance to help cover legal fees and settlement costs if you’re found at-fault. Personal umbrella insurance is there to handle the expenses after your renters insurance liability coverage limit is met, with coverage limits starting at $1 million.
Renters Liability Insurance with American Family
If you’re interested in understanding more about your renters liability insurance or want to know if you need more coverage, connect with your American Family Insurance agent. They’re the expert on your policy and can help you select the right coverage to protect what matters most.
This information represents only a brief description of coverages, is not part of your policy, and is not a promise or guarantee of coverage. If there is any conflict between this information and your policy, the provisions of the policy will prevail. Insurance policy terms and conditions may apply. Exclusions may apply to policies, endorsem*nts, or riders. Coverage may vary by state and may be subject to change. Some products are not available in every state. Please read your policy and contact your agent for assistance.