Renter’s insurance is not just for when you’re at home. Discover how you’re covered by this policy, even when you’re on vacation.

In most cases, people purchase renter’s insurance to cover themselves and their personal belongings while living in a rental unit. However, did you know that this type of policy also provides coverage when you’re away from your home?

As any seasoned traveller will tell you, it’s always wise to prepare for the unexpected on a holiday or vacation. Fortunately, travelling away from your home does not necessarily require you to purchase separate vacation rental damage insurance. In fact, if you’re a renter and you have insurance for your unit, much of your coverage actually protects you even when you’re travelling.

Read on to learn about how renter’s insurance can give you peace of mind that accidental property damage or theft won’t ruin your trip. In particular, we’ll outline what’s covered in a renter’s insurance policy, including:

  • Protection of your personal property
  • Personal liability insurance
  • Coverage for additional living expenses
  • How renter’s insurance can protect you on holiday

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Renter’s Insurance 101: What Are You Covered For?

The main thing to understand when it comes to your renter’s insurance policy is that it covers you, not where you live. This is because you do not own your rental unit. So, the coverage that you’re buying when you get this type of insurance actually has little to do with the property you call home.

So, what does it cover, exactly? And how is it any different from homeowner’s insurance, condo and townhouse insurance, or even vacation rental damage insurance for renters?

While every policy will be different, if you were to get your renter’s insurance with APOLLO, you would have:

Personal property coverage

Clothing, furniture, and portable electronics are all considered your personal property. Depending on the coverage you choose, items that you keep on your building’s premises, like your bike or jewellry, may also be covered.

Personal property coverage protects your belongings, whether they’re in your home, in your car, or with you on vacation.

With APOLLO’s Renter’s Insurance, you can choose from coverage limits up to $150,000, with special limits on certain items. Your limits are the amounts that you’d be covered for if anything were to happen to your things.

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Personal liability coverage

The term liability refers to being responsible for something, particularly in a legal sense. Insurance that provides personal liability, such as APOLLO’s Renter’s Insurance, protects you if you cause injury or damage to someone or their property by accident.

Since this type of coverage is specific to you as an individual, it protects you, regardless of whether an incident takes place in your rental unit or not.

You’re able to select limits up to $2,000,000 with our Renter’s Insurance coverage.

Additional living expenses coverage

If the unit you’re renting becomes so badly damaged that you’re unable to stay there while it’s being repaired, this coverage will pay for your expenses to live elsewhere. For example, additional living expenses coverage includes the cost of temporary accommodation.

Renter’s Insurance with APOLLO provides limits available up to $30,000 for this type of coverage.

Special limits and additional coverages

APOLLO Renter’s Insurance also offers special limits for certain claims. For example, there are specific limits for items like jewellery, bikes, fine art, and portable electronic devices if they are stolen or lost. Other examples include special limits for any claim that includes items like money, animals, or wine.

You can also choose to tailor your coverage to include things that are unique to your needs. As an example, you may wish to insure freezer food spoilage, lock replacements, or outdoor plants.

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How Renter’s Insurance Protects You on Vacation

So, what does the above coverage look like while you’re travelling? Below are a few examples of how renter’s insurance can help protect you when you’re away from home.

A stolen camera at the beach

Say you bring your new expensive camera with you on your trip. If you were to leave it on the beach while taking a swim in the ocean, and it was gone when you came back, you could make a claim through your renter’s insurance.

A golf ball through a window

If you’re a holiday golfer who drives a ball a little too far off course, breaking the window of a nearby building, you could be held liable for the damages. Through the personal liability coverage with your renter’s policy, however, your insurance company can help pay for the claim.

A fire in your hotel room

Regardless of whether you choose to stay in a hostel, hotel, or vacation rental property, if there’s a fire where you’re staying, your things could be damaged beyond repair. With your insurance’s personal property coverage, you won’t have to worry about paying out-of-pocket to replace your belongings that are destroyed.

Protection for the Things You Love

Renter’s insurance helps cover costs associated with additional living expenses, content destruction, theft, and personal liability. For these reasons, purchasing this type of coverage is an important step to take in protecting yourself, your personal property, and your finances.

APOLLO is making Renter’s Insurance effortless, so you can focus on the important things in life – like your well-deserved vacation!

Start your online application with APOLLO now and you could be insured in the next 15 minutes!

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