Most rental properties, whether you are looking at an apartment or a home, require you to have renters insurance and show proof that you do when you sign the lease.

Renters insurance, or tenant’s insurance, is an insurance policy that helps protect you and your personal property in case of theft, accident, or damage. 

how to get renters insurance

If you don’t have renters insurance or don’t know how to apply for renters insurance, don’t panic.

Applying for a renters insurance policy is easy—we’re here to tell you how to get renters insurance online. Finding the perfect renters insurance policy can take as little as fifteen minutes.

In This Article



What You Will Need to Get Renters Insurance

If you’re not sure how to get renters insurance for an apartment or home rental, you may feel a little overwhelmed.

That’s ok. Our guide will tell you precisely what you need and how to get renters insurance fast.

Before you begin, it's best to know how much rent you can afford and then gather the following information:

  • Your social security number
  • Your previous address, as well as the address of your new residence
  • The type of rental
  • The date you need the insurance policy to begin
  • The number of people that will be living with you full-time
  • Details on any business you’ll be doing from the property (if applicable)
  • The breed/type, age, and size of any pets you may have

You will also need a few details about the place you’re moving into:

  • Is there any damage to the property currently?
  • Are there any safety features such as smoke detectors or security tech on the property

These safety and security features may help reduce your policy costs through discounts from your insurance provider.

You should also know the value of the personal possessions you want to insure. A quick home inventory can help you to gauge the amount of coverage you need.

Keep in mind that some high-value belongings such as jewelry or collections may have limited coverage under renters insurance and require a separate policy.

Now that you have your information together, finding the best policy for your situation won't take long. It should begin, however, with a bit of research.

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

1. Understand What Your Landlord Won't Cover.

Your landlord is required by law to carry a landlord policy for their rental property.

These policies typically cover the structure of the building or home, but not the value of their tenant’s belongings.

These policies usually include liability coverage—but only for the policyholder. 

cheap renters insurance

They are unlikely to cover bodily injury due to accidents or certain types of damage.

Before signing a new lease, it is best to get a copy of your landlord’s insurance policy so that you understand exactly what is covered.

INSURANCE WHERE YOU LIVE

Renters insurance by state.

2. Do Your Research (Don't Rush)

Once you know what your landlord’s policy covers, you’ll need a basic understanding of the most common policies offered in renters insurance.

Personal Liability

Your liability rider covers damage to someone else’s property or person. 

If you accidentally break your neighbor’s window, for example, this part of your policy will cover the damages and any legal fees resulting from the accident.

Medical Payments

If a guest gets injured in your home due to a fall, dog bite, or any other number of accidents, your renters insurance should pay for their medical expenses. 

If the injury results in a lawsuit, the personal liability clause in your policy should cover any legal fees.

Personal Property Coverage

This part of your tenant insurance policy covers the cost of replacing your belongings due to loss through damage or theft.

It includes clothing, furniture, electronics (including computer or gaming systems), jewelry, and appliances.

It is important to note that your renters insurance will cover losses up to your policy’s limit.

Most policies, for example, won’t cover damage due to pests such as bedbugs and some natural disasters. 

Most will cover damage from the following:

  • Fire and smoke damage
  • Storm damage (lightning, hail, high winds)
  • Water damage (flood, broken appliances, etc.)
  • Snow damage including breakages due to the weight of snow, ice, or sleet
  • Cold damage due to plumbing, heating, or cooling systems freezing
  • Volcanic eruptions
  • Falling objects
  • Damage by auto or airplane
  • Riots
  • Explosions
  • Electrical damage due to short-circuits in appliances
  • Vandalism and theft

Look over this part of your policy carefully so that you understand what is covered and what isn’t. 

For example, if someone steals your camera or tablet while you are on vacation, it may still be insured by your policy.

Temporary Living Expenses or Loss of Use

If you are unable to live in your home due to a covered incident, your policy should reimburse your costs for your temporary living arrangements. 

That may include everything from your hotel stay to the price of your groceries.

3. Figure Out How Much Coverage You Need.

Even if you don’t feel your belongings have a high intrinsic value, you might be surprised at how much it would cost to replace them.

A quick home audit listing your belongings and an estimate of their overall value will help you determine the amount of personal property coverage you need with your renters insurance policy. 

It’s a good idea to make an inventory list and store it with your insurance policy. Some people even include pictures or video of their belongings in case they need to make a claim.

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

4. Find The Company That Works Best For You.

We recommend that you also spend time researching insurance companies to ensure you get the best deal.

Review Multiple Insurance Companies

Most insurance companies will offer you a discounted rate if you add your renters insurance policy to a policy you already have with them, such as your auto policy.

If you’re in the market for a new insurance company or are looking for a better rate, however, comparing multiple insurance companies might save you some money.

A simple Google search for the “best renters insurance companies” or “how to get renters insurance fast” will allow you to review multiple companies. 

You may consider adding your state or city to the search for the best local search results.

The companies on the first page of your results tend to be bigger organizations, and you'll likely recognize most of them.

Take a moment to glance at the amount of coverage they offer and their rates.

If you don’t recognize the insurance company’s name, take a moment to check out their BBB ratings to ensure they’re legit.

Read Individual Reviews for Insurance Companies

One of the best ways to tell if an insurance company is easy to work with is to read their reviews.

Of course, the reviews that they highlight on their site are going to be positive, so do a quick search for reviews off-site.

Are their rates reasonable, but their customer service bad? Do they give their clients the run-around when it comes time to payout?

By reading their reviews, you'll find a pattern.

5. Get An Instant & Cheap Quote.

Once you do all of your research it's time to get some super fast quotes. 

We created Simply Insurance so that you don’t have to spend hours on the phone speaking with agents if you don’t want to. 

You can click here or on any of the above buttons to get a quick quote and the cool thing is that most renters insurance policies cost around $15 a month. 

THE SIMPLY INSURANCE WAY

Renters Insurance made easy.

Agents not required.

Get quotes and sign up online without talking to an agent. But, we are here if you need us.

Unbiased, expert advice.

Get unbiased insurance education from licensed experts and also avoid dodgy sales calls.

Coverage in minutes.

You can get renters insurance coverage within minutes of getting your quotes and applying.

6. Complete The Online Application

We recommend Lemonade as the best company for renters insurance because they have, a super-smart AI that offers a fast, affordable, hassle-free experience that's guaranteed to save you money.

Filling out the application is as easy as answering a few questions and Lemonade will do the rest.

If you need renters insurance, we’ve done the hard work for you—check out the top three companies or get your free renters insurance quote today.



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