Most of the insurance plans cover household items like money and other valuables, and you can add some extra amount to protect your bike and other gadgets. It covers replacement or repair costs if you accidentally damage your rental property like you create a dent mark on the wall or furniture. The content insurance companies offer the essential cover for tenant belongings up to 5,000$. But you need to pay for wide-ranging protection, and that ensures the safety of your extra belongings anywhere in the world.