Why Military Families Need Renters Insurance

This post is a sponsored conversation with The Frugal Navy Wife and Allstate Insurance. All opinions remain my own.

Military families quite often relocate. With this in mind, not every military family buys a house, which in turn leaves them the option to rent. If you’re unfamiliar with, it’s pretty simple. A renters insurance policy is a group of coverages designed to protect you and your belongings in case of fire, theft and certain other circumstances. It usually includes personal property, liability, and additional living expenses, coverage. So what does renters insurance cover?

Why Military Families Need Renters Insurance

#1. Personal Property:  Protect your belongings

When you travel a lot, your belongings become an important part of who you are. You have a natural inclination to want to protect your belongings as much as possible. Personal property coverage, under your renters policy, covers your personal belongings if they are stolen or destroyed by a fire, theft or other covered peril. It covers things like your clothes, furniture, your laptop and other electronics.

If you have some really expensive items that you want to be sure are covered too, there’s an optional add-on policy called Scheduled Personal Property. This policy will cover an expensive piece of jewelry, or other pricey items you own.  

#2 Liability

Renters insurance may cover repairs if you accidentally damage someone else’s property. For instance, if your child throws a ball through your neighbor’s window and the window breaks. It may also cover a guest’s medical bills if you’re found responsible for their injuries, like if a guest at the house trips and falls over something in your home.

#3 Additional Living Expenses

If for some reason the house you are renting becomes damaged by a fire or uninhabitable for some reason, this part of your renters insurance policy may cover the additional costs that may come with finding a place to stay, like hotel bills or for the cost of food that is more than what you would be typically spending.

While renters insurance may protect you in many ways, it’s important to know that it typically does not cover the actual building you’re living in. That’s what landlord insurance is for. You, the renter, are usually responsible for protecting the belongings you keep inside.

Having renters insurance may give you the peace of mind that comes with knowing you have a safety net in place- just in case.

This post was written as part of the Allstate Influencer Program and sponsored by Allstate. All opinions are mine. As the nation’s largest publicly held personal lines insurer, Allstate is dedicated not only to protecting what matters most–but to guiding people to live the Good Life, every day.