What Does Renters Insurance Generally Cover? 
There are several parts to a general Renters ' policy : 1 . Personal Property : This coverage will cover your personal belongings that are destroyed in a covered event . Each policy is different but the general events are theft , fire , smoke , water damage , wind , hail , and tornadic . You can either choose to cover your personal belongings at Actual Cash Value -LRB- depreciated value -RRB- or Replacement Cost . Some companies require a minimum amount of coverage to qualify for Replacement Cost . 2 . Personal Liability : Gives you andd your family 24/7 coverage against claims caused by almost any unintentional act . Medical costs for persons injured on your premises , who do not reside within your household . The liability coverage generally covers you whether on or off the premises . Be sure to check with your insurance carrier to verify . This coverage also covers the acts of your pets as long as you list the pets on the policy . 3 . Additional Living Expenses : If you ca n't live in your home after a covered loss , most carriers provide this coverage to cover the additional costs of living , meals , nhotels , etc. . You have the option to add other coverages such as Jewelry Floaters , etc. for an additional premium . 