Most companies protect renters by using a homeowner policy that is designed especially for tenants.
Typical policies cover your possessions for common causes of loss, additional living expenses related to making other living arrangements, medical expenses for treating people injured on your premises and, of course, lawsuits. Stewart s kitchen catches fire and his five year old refrigerator is destroyed. Most companies offer coverage on a replacement cost basis if you purchase a separate endorsement. Theft Limitations Certain types of property are quite vulnerable to being stolen, therefore very limited coverage is available for items such as jewelry, furs, gems, gold, silverware, pewterware, money, securities, guns and accessories. Protection can be increased by adding additional coverage to the tenant policy or by purchasing a personal article floater policy.