The Importance of Renters Insurance

While many people know how important it is to have homeowners insurance, some never stop to consider whether renters also need to protect themselves. It is a common misconception that landlords will protect your property in the event of an accident, but this is a costly mistake to make. The landlord’s insurance will not cover personal belongings and liabilities of the tenant. Leaving yourself unprotected can result in financial hardship, should an incident occur. Here’s why you need renters insurance in Connecticut.


Standard renters insurance protects your personal belongings against damage from fire, smoke, lightning, vandalism, theft, explosions, water, windstorms, and other disasters listed in the policy. Bear in mind that floods and earthquakes are not typically covered. When deciding how much insurance to buy, you need to know the value of all your personal possessions such as furniture, clothing, electronics, appliances, and even towels and bedding. There are two types of renters insurance policies for your possessions:

  • Actual Cash Value pays to replace your belongings minus an amount for depreciation.
  • Replacement Cost pays for the full cost of replacing your possessions with no deduction for depreciation.

Keep in mind that a standard renters policy offers only limited coverage for items of high value, such as jewelry and antiques. If you own expensive and precious items, it is worth considering adding on coverage.


Standard renters insurance policies also provide liability protection in the event that you cause injury to others or damage their property. It also pays for damages caused by your pets. If you are sued, the liability portion of a renters policy may pay for both the cost of defending you in court, up to the limits of the policy. If visitors are injured in your home, regardless of fault, your renters coverage can cover their medical bills.

Additional Living Expenses

If your rented accommodation is damaged or destroyed by a covered peril, you may need to live elsewhere while it is being repaired or rebuilt. Renters insurance can step in to cover the additional living expenses you face while being away from home, such as hotel room bills, travel expenses, and restaurant tabs.

Given that anything can happen, renters insurance is coverage you should not go without if you’re renting a home or apartment. For help finding the right renters insurance in Connecticut, and the surrounding cities, contact the independent insurance professionals at North American Underwriters. Serving New Britain, Bristol, Farmington, Plainville, and all of Connecticut; we will work with you to ensure you have the right amount of protection for your specific situation, all at the right price.