What Will Renters Insurance Pay For? 
Renters Insurance is intended to provide protection for Personal Property -LRB- Contents -RRB- and personal liability protection to those that reside in but do not own the home . The liability section of this policy form carries perhaps 15 % of the overall cost but in our opinion , it carries 85 % of the necessary protection . Especially for those renting in a multi unit building , it is common for negligence claims to arise due to water damage , smoke damage or fire damage to adjacent units or to the building itself . The liability section generally does not have a deductible and gives you first dollar defense up to the policy limits . A tenant could be sued for negligently over filling a bathtub thereby flooding the unit below causing building and contents damage ; there have been cases oftenants falling asleep while smoking thereby causing a fire . The personal property section will cover the tenant 's personal contents against Fire , Smoke Damage , Theft , Water Damage and some other covered perils . It is important to note that there are limitations on the value of Jewelry , Furs , Silverware and other valuables ; for those that have high valued items , a Personal Article Floater would be needed to provide protection . Also , it is important to understand that the peril of Earthquake is not included on a standard policy but may or may not be available by endorsement depending on the insurance company and State . For a free quote in California , Arizona or Nevada , please click the following link : WEBSITELINK 