Renters Insurance is often called tenants' insurance, and is an insurance policy that provides some of the benefits of homeowners' Insurance, but does not include coverage for the dwelling or structure, with the exception of small alterations that a tenant makes to the structure. It provides liability insurance and the tenant's personal property is covered against named perils such as fire, theft, and vandalism. It also pays expenses when the dwelling becomes uninhabitable.
Due to renters' Insurance existing mainly to protect against losses to the tenant's personal property and provide them with liability coverage but not to insure the actual dwelling, it is significantly less expensive than a homeowners' policy.
7135 S. Highland Dr. Suite 202a, Cottonwood Heights, UT 84121