Renters Insurance

Renters insurance is a valuable yet often overlooked insurance designed to protect individuals who lease or rent residential properties. This insurance coverage provides tenants financial security and peace of mind by safeguarding their personal belongings, offering liability protection in case of accidents or damage for which they might be held responsible and even assisting with temporary living expenses if their rental unit becomes uninhabitable due to a covered event.  

What Is Renters Insurance Good for? 

One of the primary reasons to invest in renters insurance is to protect your belongings. Renters insurance typically covers personal property, providing financial protection after perils like fire, theft and vandalism. It also includes liability coverage for injuries or property damage for which you may be responsible and medical payments to others. Additional living expenses coverage helps with temporary housing costs if your rental becomes uninhabitable due to a covered event, and loss of use coverage assists with extra living expenses during such times. While the specifics can vary, renters insurance is designed to safeguard your personal belongings and mitigate liability risks while renting a property, excluding coverage for the actual structure of the rental unit, which is the landlord’s responsibility. 

Is Renters Insurance Required in Wisconsin? 

Renters insurance is not legally required for tenants in Wisconsin. However, some landlords or property management companies might include a clause in their lease agreements that requires tenants to have renters insurance as a condition of renting the property. These clauses are becoming more common because renters insurance benefits tenants and landlords. 

Where to get Renters Insurance 

Contact P&C Insurance Services today for more information about renters insurance. We proudly serve Waukesha, Milwaukee, Ozaukee, Washington, Racine, Kenosha, Walworth and Dodge Counties. We can help you get the coverage you need to protect yourself and your belongings.