Renters insurance

Renters insurance — protect what's yours

Your landlord's insurance covers the building. It does not cover your furniture, electronics, clothing, or anything else inside your apartment. Renters insurance fills that gap — and it's one of the most affordable policies you can buy.

What renters insurance covers

Personal property

If your belongings are damaged or destroyed by fire, theft, vandalism, or a burst pipe, renters insurance reimburses you. This includes furniture, electronics, clothing, kitchen appliances, and anything else you own. Coverage extends beyond your apartment — if your laptop is stolen from your car or your luggage is lost while traveling, your renters policy typically covers it.

Personal liability

If someone is injured in your apartment or you accidentally damage someone else's property, liability coverage pays for medical bills, legal defense, and judgments against you. Most renters policies include at least $100,000 in liability protection — and increasing it to $300,000 usually adds very little to your premium.

Additional living expenses

If a covered event makes your rental uninhabitable — a kitchen fire, a major water leak — this pays for temporary housing, meals, and other extra living costs while your apartment is being repaired or you find a new place.

Medical payments to others

If a guest is injured at your place, this coverage pays their medical bills regardless of who was at fault. It's a smaller limit (typically $1,000–$5,000) designed for minor incidents that don't rise to the level of a liability claim.

Why renters insurance matters in Las Vegas

Las Vegas has one of the highest renter populations in the country. If you're leasing an apartment, townhouse, or single-family home, you face the same risks as homeowners — fire, theft, liability — without the building insurance your landlord carries.

Most renters policies cost $15–$30 per month. That's less than a streaming subscription — and it covers tens of thousands of dollars in belongings plus liability protection that could save you from financial ruin after an accident in your home.

Many landlords and property management companies in the Las Vegas valley now require proof of renters insurance as a condition of the lease. Even if yours doesn't, carrying a policy is one of the smartest financial moves you can make as a renter.

Common questions

Start by estimating the total value of everything you own — go room by room and add it up. Most people are surprised to find their belongings are worth $20,000–$50,000 or more. Set your personal property limit to match, and make sure you have at least $100,000 in liability coverage.

Only if they're listed on your policy. Most carriers allow you to add a roommate, but each person's belongings need to be covered. In many cases it's simpler (and sometimes cheaper) for each roommate to carry their own separate policy.

Actual cash value deducts depreciation — so your five-year-old laptop would pay out at its current used value, not what a new one costs. Replacement cost policies pay what it actually costs to replace the item with a new equivalent. We always recommend replacement cost coverage; the premium difference is small and the payout difference can be enormous.