The main areas covered by renters insurance in Portland and other Oregon locations include personal property, loss of use, liability and medical protection. These are similar benefits to what a homeowners’ policy includes. If your personal belongings are stolen or destroyed by a fire or any other named fiasco, a renters policy pays to replace certain items.
Liability is a central component of the renters policy, as it protects visitors to your rental space if they are injured or become ill. So if you rent an apartment in Portland and want to throw several small parties, it’s good to have liability protection. The policy will pay for medical expenses. It will also pay you for living expenses if you’re ever forced out of your rental space due to a disaster.