What does renters insurance cover?
More than you’d think. In the simplest form, the following and much more:
Your place & your guests from mishaps
Hotel expenses (if you need a place to stay)
Your landlord’s insurance likely only covers the property and not your stuff. But renters insurance covers it all from clothes and furniture to electronics and more. You're reimbursed for what they cost to buy new, not their depreciated value.
Make things better after a mishap. The people who are hurt, if an accident happens, get the care they need; damage you cause is repaired. You pay a portion of the repair and medical bills, and your renters insurance policy covers the rest.
Spend a few nights in a local hotel if you can’t stay home while covered damage is repaired. You’re reimbursed for your stay and any meals.