Renter’s insurance is a type of insurance that covers personal property. This type of insurance protects from loss due to fire, vandalism, and other disasters for those who are not yet homeowners.
Renter’s insurance can cover a variety of personal property and valuables in many different situations and circumstances. If anything were to happen to a policyholders property while traveling on vacation or when leaving valuables in a car, then the policy protects against that loss. Not only does a renter’s insurance policy cover a portion of the expenses to replace property stolen from a vehicle it also covers the property even if it was stolen somewhere away from the renter’s dwelling, such as a bicycle stolen from a bicycle rack at a school.