Renters Insurance: Your stuff and liability protection

Renters Insurance in Lafayette and West Lafayette

Greater Lafayette has one of the largest rental markets in Indiana, thanks to Purdue, Ivy Tech and the many employers in Tippecanoe County. Whether you rent a studio near campus, a townhouse in Lafayette or a house out in the county, your landlord’s insurance covers the building. It does not cover your furniture, electronics or clothes, and it does not cover your liability if someone gets hurt in your unit. That is what renters insurance is for.

What renters insurance covers

• Personal property – your belongings, at home and in many cases while you’re away, against covered losses like fire, smoke, theft and certain kinds of water damage.
• Personal liability – help with legal and medical costs if a guest is injured in your rental or you accidentally damage someone else’s property.
• Loss of use – extra living costs, like a hotel and meals, if a covered loss makes your place unlivable.
• Medical payments to others – smaller medical bills for guests hurt at your place, regardless of fault.

Many policies also offer replacement cost coverage (you’re paid what it costs to buy new, not the depreciated value), extra coverage for jewelry and other valuables, and identity theft coverage. Flood and earthquake damage are usually excluded and need separate coverage.

Renters insurance for Purdue students and parents

If you’re a Purdue student living off campus, or a parent sending a student to an apartment in West Lafayette, renters insurance is one of the least expensive ways to protect laptops, bikes, gaming systems and other gear. Some parents’ homeowners policies extend limited coverage to a student living away at school, but that coverage often has low limits or may not apply to an off-campus apartment. We can review your current policy and show you where the gaps are. Many apartment communities also require tenants to carry renters liability coverage before move-in, and we can send proof of insurance to your landlord.

Save by bundling

Renters insurance is often one of the easiest ways to save on car insurance. Many companies give a multi-policy discount when you insure your car and your apartment together, and that discount can offset much of the renters premium. As an independent agency, we compare several companies at once to find the best mix of coverage and price. When you’re ready to buy, we can move you to a homeowners policy or a condo policy. If you rent out a property you own, see our landlord insurance page.

Renters insurance FAQs

How much renters insurance do I need?

Start by adding up what it would cost to replace everything you own: furniture, electronics, clothes, kitchen items, bikes and so on. Most people are surprised by the total. For liability, higher limits usually cost only a little more, and an umbrella policy can add even more protection.

Does renters insurance cover my roommate?

Usually not automatically. Some companies let you add a roommate, but it is often simpler and safer for each roommate to have their own policy so their belongings and liability are protected.

Does renters insurance cover my car?

No. Damage to your car is covered by your auto policy. Belongings stolen from your car, though, are often covered by your renters policy.

How do I get a renters quote?

Call or text 765-474-2300 or use the Quick Quote button at the top of this page. We’ll ask a few questions about your rental and your belongings, then compare options for you.