RENTERS INSURANCE
If you rent your home, Renters insurance covers your personal property from risks like fire, theft, or water damage. Without it, replacing your items comes out of your pocket. At BetOnYou, we’ll help you find affordable coverage so you can feel secure, whether you’re in an apartment, condo, or rental home.
Your Landlord’s Policy Won’t Protect Your Belongings
Your landlord’s insurance protects the building, not your personal property. Renters insurance covers your items if they’re damaged by fire, theft, or water leaks.
Affordable Options
Renters insurance is surprisingly affordable, making it an easy way to protect your belongings and budget.
More Than Your Belongings
Renters insurance includes liability coverage, helping with medical bills or legal costs if someone is injured in your rental or you’re responsible property damage.
INSURANCE
renters
Renters insurance in Florida provides essential protection for tenants. Key terms and conditions include:
1. Coverage:
Personal Property: Protects your belongings against perils like fire, theft, and certain water damages.
2. Liability:
Covers legal expenses if you're responsible for injury to others or damage to their property.
3. Additional Living Expenses:
Pays for temporary housing if your rental becomes uninhabitable due to a covered loss.
4. Exclusions:
Standard policies typically exclude flood damage; separate flood insurance would be necessary.
Damage from earthquakes or pests is generally not covered.
5. Premiums and Deductibles:
- Premiums vary based on factors like location, coverage limits, and deductible amounts.
- Choosing a higher deductible can lower your premium but increases out-of-pocket costs during a claim.
6. Policy Requirements:
While not mandated by Florida law, landlords may require renters insurance as a lease condition.
It's important to review your policy documents carefully and understand the specific terms, conditions, and exclusions applicable to your coverage. A BetOnYou licensed insurance agent will provide personalized guidance tailored to your needs.
Learn about our competitive prices
Think your landlord’s insurance covers your stuff? Think again. Your landlord’s policy only protects the building—not your personal belongings. If there’s a fire, theft, or water damage, you’re on your own. Renters insurance protects everything you own for less than $1 a day.
Why Renters Insurance Matters
Most renters own $20,000–$50,000 worth of personal belongings
Renters insurance costs as little as $15–$30 per month (less than $1 a day)
It protects against fire, theft, vandalism, water damage from burst pipes, storms, and more
What Renters Insurance Covers
Personal property: furniture, electronics, clothing, and valuables—even outside your home
Liability protection: medical bills and legal costs if someone is injured in your apartment
Additional living expenses: hotel, meals, and essentials if your home becomes unlivable
Medical payments: minor injuries to guests, regardless of fault
What’s Not Covered
Floods and earthquakes (require separate policies)
Roommates’ belongings
Vehicles
Intentional damage
High-value items without extra coverage
Personal Property Coverage
Create a detailed home inventory to ensure proper coverage:
Go room by room and list all your belongings
Estimate the replacement cost for each item
Add a 10–20% buffer for items you may have missed
Select a coverage limit that fully protects the total value
Tip: Take photos or videos of your belongings and store them safely as proof of ownership.
Liability Coverage
Most standard renters insurance policies include $100,000 in liability coverage. Consider increasing your limit to $300,000 or more if you:
Have significant assets to protect
Frequently host guests
Own a dog (especially certain breeds)
Deductible
Your deductible is the amount you pay out of pocket before your insurance coverage applies. Common options include:
$250 deductible: Higher premium, lower out-of-pocket cost
$500 deductible: Moderate premium and balanced coverage
$1,000 deductible: Lower premium, higher out-of-pocket cost
Renters Insurance Discounts
You may be eligible to save money with these common discounts:
Bundle discount: Combine renters and auto insurance
Security system: Alarm or professionally monitored security
Smoke detectors: Working smoke and carbon monoxide detectors
Gated community: Living in a secured or controlled-access building
Claims-free: No recent insurance claims
Autopay/paperless: Enroll in automatic payments and paperless billing
Frequently Asked Questions
1. Why do I need renters insurance if my landlord has insurance?
Your landlord’s insurance covers the building, but not your belongings. Renters insurance protects your personal property and provides liability coverage.
2. Is renters insurance expensive?
Not at all! Renters insurance is one of the most affordable coverages—often costing less than a dollar a day.
3. Does renters insurance cover water damage?
Yes, renters insurance covers certain types of water damage, like leaks. However, it does not cover flooding—you’ll need separate flood insurance for that.
4. Can I bundle renters insurance with other policies?
Absolutely! Bundling renters insurance with auto or life insurance can help you save money.