No. 7: A fire sparks inside your apartment

Property damage, food loss and additional living expenses coverage would all kick in should such a calamity occur.
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No. 6: Plumbing leak damages personal property

It’s important for a renter to properly estimate the value of their belongings should an incident like this occur. Roughly one in 12 homes in the U.S. experiences a plumbing leak each year, according to the U.S. Housing Study.
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No. 5: A houseguest’s ‘whoopsie-daisy’’

Renters insurance includes personal liability coverage for the tenant. So after paying a deductible, expenses from this injury would be covered.
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No. 4: Flooding damage from a neighbor’s leak

When damage occurs due to a covered event in another apartment, renters insurance often pays for the loss.
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No. 3: Bicycle stolen from a public rack

Renters insurance policies often cover personal-property theft outside the home.
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No. 2: Laptop swiped while traveling

Theft is actually among the most common paid renter’s insurance claims.
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No. 1: Telephone stolen during concert

Standard renters insurance protects your personal belongings against damage from fire, smoke, lightning, vandalism, theft, explosion, windstorm, water and other disasters listed in the policy, according to the Insurance Information Institute.
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Here’s an insurance detail that may be news to many renters:

Although a building owner’s insurance should cover losses that occur in common areas or shared facilities, landlords often are not responsible for damage that occurs inside a rental unit, including any damage to a tenant’s personal property.

That’s where renters insurance comes in. This type of coverage, which is sometimes called tenants insurance, can pay for damage to personal possessions, tenant liability issues, and additional living expenses in circumstances where a covered loss results in temporary relocation.

The digital insurance carrier Lemonade also points out that renters insurance policies can cover incidents such as theft, injuries and mishaps inside a rental home. For the purposes of consumer education, Lemonade recently assembled the list of real-life renters experiences that triggered a claim and are outlined in the slideshow above.

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