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How much does renters insurance cover?

My new landlord is requiring renters insurance, which I’ve never had to purchase before. How much does renters insurance usually cover?

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Claire Beaney · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
Great question! A standard renters insurance policy provides $100,000 in coverage. This amount is usually suitable for most renters.
However, if you frequently entertain guests at your house or if your assets surpass that value, you should consider purchasing insurance that covers at least the total worth of your possessions and protects any current or future financial assets.
Additionally, you’ll want to check with your landlord to see if they have any coverage requirements. While a standard insurance policy provides $100,000 in coverage, some landlords require $300,000 or $500,000 in coverage.
Coverage levels and rates will differ depending on where you live, but you can always save money on renters insurance by shopping around and comparing quotes from different providers.
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Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.

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