Renters Insurance Guide 2025

Renters insurance costs $15–$30/month and covers three things: personal property (laptop, furniture, clothes), liability (if someone is injured in your apartment), and additional living expenses if your unit becomes uninhabitable. Your landlord's insurance covers the building — not your stuff. The average claim is $3,000–$5,000. A standard $30,000 personal property policy with $100,000 liability costs about $180/year. The one coverage gap: flood. Renters policies exclude it. If you're in a flood zone, add NFIP or private flood coverage.