Renters Insurance is one of the best ways to protect your property against damage and get reimbursed if such damage should ever occur. Also known as the named perils policy, it will cover the financial obligations of replacing your property if it gets damaged or destroyed due to a covered peril. Such perils include malicious human activities, weather hazards, fire, water, etc. Most policies will state the perils covered, and unless you’re getting an all-risk policy, the excluded perils will be stated too in a separate section. While most renters insurance includes coverage for water damage, they don't usually cover mold. If your policy excludes mold damage, you will need to get additional coverage, which is known as an endorsement. Even where you get one, it may be limited to a particular amount. Here, you’ll learn about renter insurance and mold damage.