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.
And finding affordable insurance is easier than ever thanks to the Jerry
app. A licensed broker that offers end-to-end support, the Jerry app gathers affordable quotes, helps you switch plans, and helps to cancel your old policy. Even better—Jerry will help you bundle your home and auto policies
for maximum savings.