[gallery size="full" ids="219519,219518,219517,219516,219515,219514,219513,219512,219511,219510,219509,219508,219507"]

Renters insurance is a small investment that could offer major protection. On average, coverage will run renters about $14 a month, depending on where they live, but it's important they shop around and find the most appropriate coverage for their situation, regardless of the cost.

According to NerdWallet, which recently released their list of the best renters insurance companies for 2022, a standard renters policy will include personal property coverage, liability coverage, medical payments coverage and loss of use coverage, all with varying limits depending on the customer's needs. Renters should also look at each company's optional coverages; which can include things like extra coverage for expensive items and identity fraud protection.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].