Tenant insurance policies are designed to protect you and your loved ones in the event of damage to your rental unit and personal property by an insured event, including water damage, fire, theft, and more. Common tenant insurance policy coverages include but are not limited to, civil liability insurance, personal belongings and identity theft insurance, as well as extra expenses. Optional coverages can also be added into your policy such as sewer backup, overland water, and above ground water protection.