If you rent your home or apartment, your landlord's insurance does not cover your belongings. Here's why renters insurance is one of the smartest — and most affordable — coverage decisions you can make.
Many renters assume their landlord's insurance covers their personal belongings. It doesn't. Your landlord's policy covers the building structure and their liability — not your furniture, electronics, clothing, or anything else you own inside the unit.
If there's a fire, a break-in, or a pipe bursts and damages your belongings, you're on your own without renters insurance. And if a guest is injured in your apartment, you could be personally liable for their medical bills and any lawsuit that follows.
Covers your belongings against covered perils like fire, smoke, theft, vandalism, windstorm, and water damage from plumbing failures. This includes:
Add up what you own: Walk through your apartment and estimate the value of everything you'd have to replace if it was all destroyed in a fire. Most renters are surprised — it's often $15,000–$30,000 or more.
If someone is injured in your home, or you accidentally damage someone else's property, your renters policy covers legal defense costs and judgments up to your liability limit. This is coverage most renters don't think about until they need it.
If your apartment becomes uninhabitable due to a covered loss, renters insurance pays for your temporary housing and additional living expenses — hotel bills, restaurant meals, storage — while repairs are made.
Covers minor medical expenses for guests who are injured in your home, regardless of fault. Helps prevent small accidents from becoming big liability claims.
Renters insurance is one of the most affordable types of coverage available. In Louisiana, most renters can expect to pay:
| Coverage Amount | Estimated Monthly Cost |
|---|---|
| $15,000 personal property / $100,000 liability | $10 – $18/month |
| $30,000 personal property / $100,000 liability | $15 – $25/month |
| $50,000 personal property / $300,000 liability | $20 – $35/month |
Bundling renters insurance with your auto policy through Harbor Point can reduce both premiums — often making your renters coverage nearly free after the multi-policy discount.
Like homeowners insurance, renters policies can pay claims on a replacement cost or actual cash value basis. Replacement cost pays what it costs to buy a new equivalent item today. Actual cash value deducts depreciation — so your 4-year-old laptop might only pay out $150 instead of $800.
We always recommend replacement cost coverage. The premium difference is minimal and the protection difference is significant.
Many landlords and property management companies in Louisiana now require renters insurance as a condition of your lease. Even if yours doesn't, it's in your best interest to have it. Some landlords will ask for proof of coverage (a certificate of insurance) before you move in.
Harbor Point Insurance shops multiple carriers to find you the best rate. Get a free quote in minutes — no pressure, no runaround.
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