Renters insurance is one of the most overlooked and most affordable policies out there. If you rent in Rockville or anywhere in Montgomery County, here is why it is worth far more than it costs.
What Renters Insurance Covers
- Personal property — your furniture, electronics, and belongings against theft, fire, and many other perils.
- Liability — if a guest is injured in your unit or you accidentally damage someone else's property.
- Additional living expenses — hotel and meals if your unit becomes uninhabitable.
What it does not cover is the building itself — that is your landlord's policy. Yours protects your stuff and your liability.
It's Cheaper Than You Think
Most Rockville renters pay roughly $12 to $30 a month for a solid policy. Many apartment communities and individual landlords now require tenants to carry at least $100,000 of liability coverage, and some require $300,000.
The Bundling Bonus
Here is the part renters miss: adding renters insurance to your auto policy usually triggers a multi-policy discount that can offset much — sometimes most — of the renters premium. In other words, you get personal-property and liability protection for very little net cost. We can usually beat the "easy-add" policy a leasing office offers.
Renting in Rockville? See our renters insurance page and request a free quote — we will bundle it with your auto for the best combined price.
Quick Summary
Renters insurance runs about $12 to $30 a month, protects your belongings and liability, and is often required by your lease. Bundling it with auto usually offsets much of the cost, so the net price is minimal.