Chelsey Tucker graduated with a Bachelor of History degree from Metropolitan State University in 2019. She now writes about insurance with her specialty being life insurance and has been quoted on Help Smart Phone and MEL Magazine.

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Dan Walker graduated with a BS in Administrative Management in 2005 and has been working in his family’s insurance agency, FCI Agency, for 15 years. He is licensed as an agent to write property and casualty insurance, including home, auto, umbrella, and dwelling fire insurance. He’s also been featured on sites like

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Reviewed by Daniel Walker
Licensed Auto Insurance Agent

UPDATED: Mar 19, 2020

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Does Renters Insurance Cover Belongings Outside Your ApartmentMany renters insurance policies will cover your property even if it is outside your apartment. However, you need to know the specifics before assuming that all outside items will be covered.

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For example, if someone steals the grill that you typically keep chained outside, your policy may very likely cover the replacement of the grill. If you loan that grill to a friend, who has it outside of his or her house, your policy may still reimburse you for the cost of replacing it.

Many people do not stop to think about how important renters insurance is. They may think that their landlords’ insurance policies cover them. This is not how it works.

A landlord’s insurance policy covers only the structure of the dwelling—the house, or the apartment building. The landlord will have coverage on the structure, including the roof, walls, plumbing, and so forth.

For instance, if there is a flood or a fire in your apartment, the landlord’s homeowners insurance will reimburse him or her for the cost of replacing walls, ceilings, floors, or appliances that have are damaged in the flood. If there is another structure on the property—a tool shed, for example—the insurance will cover that.

That policy will not, in any way, shape, or form, cover your belongings.

Even if the damage was caused by some negligence on the landlord’s part, you will still most often be responsible for replacing all of your own belongings.

What Renters Insurance Covers

Your renters insurance policy will cover all of your personal belongings, from your bed linens to your dishes to your jewelry, furniture, and electronics. It covers your shoes, socks, dog bed—everything. In many cases, it also covers items to keep outside or things you may take somewhere else (like the stolen grill, or a bike).

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Renters Insurance Policy Types and the Costs

A replacement-cost policy is the ideal kind of policy, because it will reimburse you for what it will cost to replace a thing. Maybe you have an old, beat-up couch that was passed down to you by some very distant relative. Maybe if you tried to sell it on Craig’s List, you would get maybe $40 dollars, if you were able to get anything. Most likely, you couldn’t give it away.

renters insurance cover belongings

A replacement-cost policy will cover you replacing the couch, rather than merely giving you what that couch was worth as an actual cash value policy does. If you got only what the couch is worth, you probably would not be able to even buy a new couch, and feel like you paid your premiums in vain.

You might figure that maybe you should have just opened up a savings account for a new couch and deposited the money directly there (this is not true, but a person could very likely feel similarly frustrated in this kind of situation).

Your replacement-cost policy will have a slightly higher premium, but it is well worth it. Renters insurance is very inexpensive, as far as insurance in general goes.

Estimates from the National Association of Insurance Commissioners have the average renters insurance policy running around $170 a year.

If you get renters insurance through the same company that provides your car insurance or life insurance , you can sometimes get an even larger discount.

Limits on Renters Insurance Amounts

There are reimbursement limits to some items, particularly expensive items. If you have a lot of jewelry in your home, for example, you will need to indicate exactly how much you want to insure, and your premium will reflect the level of insurance.

A premium for a policy that insures $15,000 worth of jewelry will be higher than one that insures $2,000, or none at all.

Some people who have a lot of expensive jewelry or costly electronic equipment opt, instead, to buy a separate policy for those types of items. They decide to do this to ensure that they will be able to get reimbursed for the full value of those things. Coverage will vary from policy to policy, but $300,000 is the average limit of coverage.

belongings covered by renters insurance

We all know that we cannot take it with us when we go, but we value our belongings, nonetheless. If you rent your property, get renters insurance to make sure that if you face a huge loss such as a fire, flood, or robbery, it will not have to be a huge financial loss, as well.

Make a list of everything you own, and take pictures where you can. Keep the list or pictures in a safe deposit box so that you can easily find it if you need to take a claim. It is best to do this when you get your policy, because it is not likely that you will be able to remember everything you have owned once it is gone.

Find your renters insurance provider by using the free online quote tool found on this page, which will quickly provide you with competitive rates for any kind of insurance you may be shopping for.

Start by entering your ZIP code and compare renters insurance rates today!