What is renters liability insurance?

The unexpected often happens in life, and sometimes it can happen right inside your own apartment. Whether a friend slips on a wet floor or your bathtub overflows and causes damage to your neighbor’s place, you might wonder, “Will my renters insurance cover me?” That’s where renters liability insurance comes in.

We’ve got the breakdown on what this coverage offers, how much it typically costs, and the amount of protection you’ll need for what matters most, both in your rental unit and when you’re on the go.

What is renters liability insurance?

Renters liability insurance, also known as personal liability coverage, is a standard part of most renters policies. It helps protect you financially if you’re found responsible for accidental damage to someone else’s property or if someone is injured in your apartment. For example, if a visitor trips over a throw rug or a mishap in your kitchen leads to a fire that damages another apartment, your liability coverage may help pay for medical bills or repairs.

What does renters liability insurance cover?

Typically, renters liability insurance covers:

• Injuries to guests in your home from things like slipping or falling
• Damage you cause to someone else’s property, such as water or fire damage
• Dog bites, even if they happen while you and your furry friend are out and about

It’s important to know that your landlord’s insurance generally covers accidents or injuries that happen in the building and common areas — like hallways or sidewalks — but not those inside your unit. That’s your responsibility, and your renters liability insurance is there to help.

How much does renters liability insurance cost?

Here’s the good news: Renters liability insurance is typically included in your standard renters insurance policy. If you want extra protection, you can increase your coverage limit for just a few more dollars a month. It’s a small price to pay for peace of mind.

How much liability coverage do I need?

Most renters insurance policies start with $100,000 in liability coverage. But if you have more assets or want additional protection, you can choose a higher limit. Consider your income, savings, and what you want to protect when deciding how much coverage is right for you.

Looking for even more peace of mind? Personal umbrella insurance can help cover legal fees and settlement costs if you’re found at-fault and your renters liability coverage isn’t enough. Umbrella policies typically start at $1 million in coverage.

Renters liability insurance with American Family

Still have questions about your coverage? Your American Family Insurance agent is here to help you understand your policy and choose the right amount of protection for your needs.

This article is for informational purposes only and based on information that is widely available. This information does not, and is not intended to, constitute legal or financial advice. You should contact a professional for advice specific to your situation.

This information represents only a brief description of coverages, is not part of your policy, and is not a promise or guarantee of coverage. If there is any conflict between this information and your policy, the provisions of the policy will prevail. Insurance policy terms and conditions may apply. Exclusions may apply to policies, endorsements, or riders. Coverage may vary by state and may be subject to change. Some products are not available in every state. Please read your policy and contact your agent for assistance.