Tenant insurance provides three main types of protection:
1. Personal Liability Coverage provides coverage for costs associated with damage to the property of others (including your building) that tenants are found legally responsible for or injuries others incur as an accidental result of tenants’ actions (or those of their families).
2. Personal Property Coverage (also know as contents coverage) helps cover costs to replace or repair tenants personal belongings if they’re stolen or damaged/destroyed by a covered loss (such as a fire).
3. Additional Living Expense Coverage helps cover expenses, such as hotel room bills and meals, that tenants may face if their apartment is uninhabitable because it’s being repaired as part of an insurance claim and they have to temporarily live somewhere else.