So, you’ve discovered the ideal rental. The scenery is breathtaking, and after a bit of shopping, you’ve adorned it with some truly amazing furniture and art. It feels almost too perfect, which makes you wonder: What if something happens to your rental? What if there’s a kitchen fire or a pipe bursts? Who will have your back then?

This is where renters insurance comes into play. Essentially, renters insurance is there to protect individuals when something unexpected occurs in their home. However, there are nuances to these policies and different types to consider. Which coverage is the right fit for you? Use this renters insurance guide to grasp the why, how, and what of renters insurance coverage, and equip yourself with the knowledge needed to purchase your policy.

What renters insurance covers?

Renters insurance protects your belongings (but not the building itself, as your landlord’s insurance covers the structure and any furnishings provided) in the event of a catastrophic event like a home fire. It may also help cover the cost of additional living expenses, such as hotel bills if you need to move out while your home is being repaired.

Renters insurance also provides liability coverage. For example, if a guest staying at your rental home trips, hits their head on your coffee table, and requires medical attention, your renters’ insurance policy can help cover these costs.