[Voiceover]

SUPER: understanding renters insurance
what does renters insurance cover?

00:03 — 00:10 VO: If you're renting an apartment, or a house, you don't have to own it to call it home. So let's make sure your self and your belongings are protected.

SUPER: personal property, liability and additional living expenses

00:11 — 00:20 VO: Renters insurance typically includes three types of coverage: Personal property, liability and additional living expenses.

00:21 — 00:42 VO: The first helps pay to replace your belongings if they are stolen or damage by a covered risk including vandalism, fire, smoke, or water damage like a pipe burst. It even helps cover items stolen outside your rental property. Yup, if someone takes your bike from a park or your luggage on vacation, your renters policy will work here too.

SUPER: insurance policy

SUPER: you pay

SUPER: deductible

SUPER: insurance pay

SUPER: insurance coverage

SUPER: limit

00:43 — 00:58 VO: Just keep in mind, when you have a covered claim, you might have to pay the deductible before your coverage kicks in. And, it is important to note, that if you selected a higher deductible, it will help lower your premium. And, if you selected a lower deductible, it will help you lower your out-of-pocket costs in case of a claim.

SUPER: liability

00:59 — 01:19 VO: Now, let's go over liability protection which helps if you are responsible for injury or property damage. Like if you are held legally responsible for a guest getting injured at your place, it may covered their medical bills. Or, if you accidentally damage someone else's property, it can help pay to fix it. But, what about a covered event, like a fire, happens and you can't return home.

SUPER: additional living expenses

01:21 — 01:27 VO: Thats where additional living expenses helps pay for things like a temporary place to live, food and pet boarding.

SUPER: Coverage limit = max amount

01:29 — 01:42 VO: And, remember each covered type has a limit which is the maximum amount insurance companies will pay toward a claim. The unexpected can be expensive. You'll want coverage gives you peace of mind if it happens, that's what renters insurance will do for you.

SUPER: that's what renters insurance will do for you