Renters Insurance Coverage Calculator: How much do I need?
Renters insurance is cheap, but guessing your coverage isn't. Add up what you own for the right personal-property limit, size your liability, and see your loss-of-use cushion. No sign-up, nothing stored.
1. What you own — personal property
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2. Liability — protect your savings
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What renters insurance actually covers
- Personal property (Coverage C): your belongings, whether they're damaged at home, in your car, or traveling. Add up every category — most people badly underestimate the total until they add it up.
- Liability (Coverage E): if a guest is hurt or you damage someone's property, this pays their costs and your legal defense. $100k is a common floor; $300k is cheap and safer.
- Loss of use (Coverage D): hotel and extra living costs if the unit becomes unlivable. Usually a set share of your personal-property limit.
Replacement cost vs. actual cash value
Always choose replacement cost coverage, not actual cash value. Replacement cost pays what a new item costs today; actual cash value subtracts years of depreciation, so a five-year-old laptop pays out pennies. The difference in premium is small.
Schedule the expensive stuff
Standard policies cap categories like jewelry, watches, and cameras (often around $1,500 total). If your valuables exceed the cap, add a scheduled personal property endorsement. For how scheduling and deductibles work, read the guides at TheInsurance.Guide.
Disclaimer. Educational estimate only — not financial or insurance advice, and not a quote or offer of
coverage. Category sub-limits, available liability limits, and pricing vary by insurer and state. Confirm your
limits and any scheduling with a licensed agent. Built by
TheInsurance.Guide.