Liability Coverage Renters Insurance

Renters insurance is an insurance policy that can cover theft water backup damage certain natural disasters bodily injuries and more in a rented property.

Liability coverage renters insurance. If someone tries to falsely accuse you of injuring them or damaging their property renters liability coverage can take care of the costs involved in libel or slander cases as well. Renters liability may cover the cost of defense as well as the cost for any judgement awards granted up to your renters insurance policy limits. Personal property liability and additional living expenses. A typical renters or tenants insurance policy grants you 100 000 of personal liability coverage to go along with your personal property protection.

Renters liability insurance will cover the costs of liability claims from libel or slander as well as the costs of injuries property damage repair costs and your legal defense up to the limits set on your policy. When a covered accident on your property involves bodily injury to others a renters insurance policy typically pays up to 1 000 per person for necessary medical expenses regardless of your legal responsibility. Personal liability insurance is the part of your renters insurance coverage that protects you if someone brings a claim or lawsuit against you for injury or loss of personal property. Personal property liability additional living expenses personal property coverage can help pay to replace your belongings if they re stolen or damaged by a covered risk.

Renters insurance liability coverage typically starts at a 100 000 limit for claims or lawsuits says the insurance information institute. Rll offers a full suite of insurance products from renter s liability coverage to resident insurance for apartments student housing senior living facilities single family homes and condominiums. Rll is the innovator of the property damage liability waiver pdlw. There s a fire at your apartment complex and you re forced to live elsewhere for two weeks while the landlord makes repairs renters insurance will cover your hotel bill as well as restaurant food costs over.

Another type of liability coverage in a renters liability insurance policy is coverage for medical payments to others. 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.