Virtually all of the renter’s policies cover the same items. Some policies may include special provisions depending on the nature of the rental agreement. For example, there may be special provisions for natural disasters or exotic pets such as tropical fish. Here is a list of what is generally covered by renter’s insurance:
• Your property (personal property covered in case of damage or robbery
• Personal liability (coverage for costs resulting from injury or damage to property)
• Medical expenses (medical coverage in case someone is injured at your place)
• Loss of use (covers accommodation expenses in case you’re obliged to move out)
• Deductible (the amount you pay every time your policy is used)
Customizations to your policy can be requested. However, this may extend the time needed to issue the policy. Some renters get standard coverage simply to fulfill the lease requirement. Then, they make endorsements or add-on for a specific item such as antiques, exotic pets, or business use.