Renters' insurance does not cover the theft of automobiles, motorbikes, RVs, boats, or any other motor vehicle. You must have separate insurance coverage tailored to your car to protect against motor vehicle theft. However, renters insurance may cover anything taken from your automobile up to the limits of your policy, minus your deductible. And personal property coverage limitations range from $15,000 to $500,000. Your chosen sum should be sufficient to cover the actual value of your goods. For example, if you have $30,000 in personal property, you should have at least as much coverage.