Renters Insurance
Affordable Coverage for Your Peace of Mind
Renters insurance protects your personal belongings from theft, fire, and other covered events while also providing liability protection if someone is injured in your rental home or apartment. Even though your landlord’s policy covers the building, it won’t cover your possessions—making renters insurance a smart and affordable way to protect yourself. The Carranza Risk Management team is happy to help and walk you through securing renters insurance so you can feel confident your belongings are covered.
Personal Property Coverage
Protects your belongings — like furniture, clothing, electronics, and kitchenware — if they’re damaged or stolen due to fire, theft, water damage (not flooding), vandalism, and other covered events.
Loss of Use (Additional Living Expenses)
Covers temporary living expenses like hotel stays, meals, and extra transportation if your rental becomes uninhabitable due to a covered loss.
Personal Liability
Provides protection if you're legally responsible for causing injury to someone else or damaging their property — whether it happens in your rental or elsewhere.
Medical Payments to Others
Pays for minor medical bills if a guest is injured in your home, regardless of who’s at fault.
Optional Coverages & Endorsements - Boost your renters policy with these helpful add-ons:
- Replacement Cost Coverage – Pays to replace your items with brand-new ones (not just the depreciated value).
- Scheduled Personal Property – Extra protection for high-value items like jewelry, watches, or musical instruments.
- Water Backup Coverage – Covers damage caused by backed-up drains or sump pumps.
- Identity Theft Protection – Helps cover costs if your identity is stolen.
Bonus: Renters insurance is often required by landlords — but even when it’s not, it’s one of the most affordable ways to protect your lifestyle.
