What Does A Renters Insurance Policy Cover? 
Each carrier will different bells and whistles -LRB- us insurance nerds call them endorsments and policy forms -RRB- but in general a renters insuranc epolicy is going to cover your stuff -LRB- up to the policy limit -RRB- plus have liability coverage . On renters insurance , we get the questions all the time on `` How much coverage do I need '' ... Do a mental or actual physical inventory of all your stuff , calculate the values to replace and take a policy for that amount . Many carriers have minimum levels of coverage to get `` Replacement cost coverage '' YOU WANT THIS ... You do not want a policy that is Actual Cash Value . If you do n't think all your stuff adds up to that minimum amount for Replacement Cost Coverage , get a policy for that minimum anyway . You 'll be glad you did if there was ever a claim . The liability coverage is there in case someone gets hurt in or around the unit you are renting and their injuries were deemed your fault . This coverage can actually be more important than the contents coverage . 