Renter's Insurance in Lutz, Florida

What is renter’s insurance? It’s a type of property insurance that protects your belongings when you rent a home. It’s more comprehensive than insurance held by the property owner, which offers coverage for damage to the structure of the building but doesn’t cover personal belongings. Renter’s insurance protects the possessions of the insured from loss while also providing liability coverage.

#1 Renter’s Insurance Protects Your Personal Belongings

Getting renter’s insurance is worth the time and effort because these are losses that other policies may not cover. Your landlord probably has insurance that covers the structure you live in but doesn’t protect the possessions inside. If something catastrophic occurred that destroyed your living quarters and the items you accumulated, you would be out of both the use and cost of those items.

Renter’s insurance can save you from financial loss if you have expensive items in your home, like a computer or jewelry. Renter’s insurance protects personal belongings (i.e., furniture, electronics, and clothing) against loss or damage in the event of theft or damage from fire, wind, vandalism, and other disasters. If you must live somewhere else after a loss, renter’s insurance may cover temporary relocation expenses resulting from a covered event.

It generally won’t cover water damage caused by flooding, earthquakes, or sinkholes, and it won’t cover damage caused by pests inside your living quarters or bed bugs.

#2 Renter’s Insurance is Affordable

Renter’s insurance premiums are based on the value of your belongings, but premiums are generally much lower than you might expect. Renters insurance is affordable for renters who want to protect themselves against the unexpected. The amount you pay for renter’s insurance depends on the coverage you need but usually runs between $12 and $30 monthly.

Renter’s insurance offers peace of mind because life is unpredictable. Accidents and natural disasters happen unexpectedly. Please don’t fool yourself into thinking it won’t happen to you.  Knowing that renter’s insurance protects your belongings from unexpected events is reassuring.

#3 Renter’s Insurance Protects Against Theft When You Travel

If you travel, there’s an added incentive to purchase renter’s insurance. Your policy may cover your personal belongings when you travel, whether at home or in your car. When you’re in a new place and don’t know the area, you’re more likely to be a victim of theft, and that’s inconvenient and costly. With renter’s insurance, you have peace of mind knowing renters insurance also typically covers items stolen from vehicles, storage units, or while traveling.

#4 You Get Liability Coverage, Too

Personal liability coverage is often part of a standard renters insurance policy. If you are legally responsible for injuries or property damage, renter’s insurance may help pay for another person’s medical bills or repairs to their property. Renters liability coverage may also help cover your legal expenses if you’re sued over an incident that occurs in the place you’re renting.

#5 Your Renter’s Agreement May Require You to Have Renter’s Insurance

Your renter’s agreement may require you to have renter’s insurance, but if you’re unsure, check your lease terms or ask your landlord or apartment manager. Additionally, you may be required to submit proof of insurance to your landlord.


Renter’s insurance offers a way to protect your belongings and family against liability. Your landlord’s insurance only covers the structure of the home or apartment you rent, not your personal belongings.

Before deciding you don’t need renter’s insurance, inventory your belongings and how much you’d pay to replace them. Then, consider the cost of liability if someone is injured inside your living quarters. Balance that against the small monthly cost of renter’s insurance.

ABC Dennis Insurance

ABC Dennis Insurance is an independent insurance agency established in 1997 that provides renter’s insurance to its customers. If you have not reviewed your insurance coverages this year, please call our office at (813) 949-7765 or email us.

Besides auto insurance, we can help with all your insurance needs. As an independent agency, we find the best insurance coverage with the most competitive rates.