What is typically NOT covered by renters insurance?

Renters insurance is designed to protect tenants from financial losses related to their personal belongings and liabilities, but it does not cover the physical structure of the building itself. When you rent a property, you do not own the structure; the responsibility for insuring the building typically falls under the landlord’s insurance policy.

Therefore, while renters insurance provides coverage for personal belongings against risks such as theft or damage, and includes personal liability coverage in case someone is injured in your rented space, it explicitly excludes the building or any structural damages. This distinction is crucial for renters to understand; their policy will not provide any financial assistance related to structural damage that might occur due to fire, storm, or any other cause.

Loss of use coverage is another component of renters insurance, providing compensation for additional living expenses if the rental property becomes uninhabitable due to a covered loss. Recognizing these elements helps renters grasp the specific protections their policies offer.