Does Renters Insurance Cover Borrowed Items? 
It would depend on the nature of the loss . Since the item was in your care , custody and control the item would be covered the same as if you owned it . Remember to check your deductible however . If your deductible is $ 500 and the item is valued at $ 600 it really would n't make sense to turn in a claim . All you would get is $ 100 anyway . 