Think of renters insurance as a safety net for everything you own inside your rental — furniture, electronics, clothes, even your laptop or bike.
Most policies cover three main areas:
What surprises many renters is how affordable this coverage is. According to recent data from the Insurance Information Institute, the average policy costs between $12–$25 per month, depending on your location and coverage limits.
That’s less than a few streaming subscriptions — but could save you thousands in the event of a single unexpected incident.
A lot of people skip renters insurance because they think their landlord’s policy covers them. Unfortunately, that’s one of the biggest myths in renting.
Your landlord’s insurance covers the building structure only, not your personal belongings or liability. If there’s a fire, flood, or theft, the landlord’s insurance doesn’t replace your damaged furniture or stolen electronics — that’s on you.
Another misconception: “I don’t own enough stuff to insure.”
But when you start adding up your electronics, clothes, furniture, and kitchen items, most renters realize their personal property easily totals $20,000–$50,000 or more.
It’s a small investment for peace of mind knowing everything you’ve worked for is protected.
There are a few reasons renters insurance is trending this year:
With inflation pushing up the cost of replacing household items, a $20 monthly policy now provides even more value than it did a few years ago.
A smart first step is to inventory your belongings. Take photos or videos of each room, and use a home inventory app or spreadsheet to estimate value.
If your total items are worth around $25,000, that’s a good baseline for personal property coverage. You can then adjust based on your budget and risk tolerance.
Typical policies include $100,000 in liability coverage, but you can increase that limit if you frequently host guests or own pets. The good news? Increasing coverage limits often adds only a few extra dollars a month.
To explore your options or get a personalized quote, visit renters insurance with KMO Insurance — a trusted provider helping renters protect what matters most.
Like any insurance, renters policies have exclusions. Most don’t cover:
Understanding what’s not covered helps you decide whether to add extra protection based on where you live.
Stories from policyholders highlight why this coverage can be a financial lifesaver.
A renter in Los Angeles lost nearly $15,000 in electronics and clothing after a break-in. Thanks to renters insurance, they were reimbursed for everything within a few weeks.
Another case involved a kitchen fire in a small apartment that caused smoke damage throughout the unit. The policy not only replaced personal items but also covered temporary housing for two weeks.
When accidents happen — and they always do — renters insurance can make recovery far less stressful.
When shopping for a policy, focus on these key factors:
In 2025, yes — renters insurance is absolutely worth it.
It’s not just about replacing belongings after an accident; it’s about having financial and emotional peace of mind. For a minimal monthly cost, you protect your possessions, your liability, and your ability to recover quickly after life’s unexpected events.
With more extreme weather, higher repair costs, and evolving rental requirements, having renters insurance isn’t just a luxury anymore — it’s a necessity.
Explore your options with KMO Insurance today and make sure your coverage keeps up with your lifestyle.