With Renters Insurance, your belongings are protected against damage that results from covered incidents that may include:

• Fire
• Smoke
• Lightning
• Vandalism
• Windstorm
• Water

Liability, on the other hand, offers protection against lawsuits resulting from bodily injury or property damage that you, your family, or even your pets, may cause to other people.

Finally, additional living expenses (also known as ALE) offer financial protection if you have to live somewhere else because the place you rent is damaged or destroyed by an event included in your policy.

Keep in mind that floods and earthquakes are not included in a basic Renters Insurance policy, but you can purchase financial protection against these events as separate policies or as add-ons to your basic Renters policy.