Protect What Matters Most — Even If You Don’t Own It
Get affordable renters insurance in just minutes.
Fairshot Financial partners with America’s best Insurance companies
Step 1: Understand What Renters Insurance Covers
Renters insurance protects your personal belongings in case of events like fire, theft, vandalism, or water damage. It also includes liability coverage if someone gets injured in your rental or if you accidentally cause damage to someone else’s property. Your landlord’s insurance only covers the structure—not your possessions.
If you’re forced to move out due to a covered event, renters insurance can also help cover temporary living expenses.
Step 2: Make Sure You Have the Right Information
To get an accurate renters insurance quote, you’ll want to have the following details ready:
-
Address of your rental property
-
Estimated value of your personal belongings
-
Desired coverage amount and deductible
-
Details of any security features (like alarms or sprinklers)
-
Any history of claims or losses
-
Contact information
Step 3: Compare Renters Insurance Rates
Use Fairshot Financial to compare rates from top insurance providers. Rates will vary depending on your location, coverage level, deductible, and more. By comparing options, you can find the right coverage at the most competitive price—without sacrificing protection.
Step 4: Choose Your Coverage and Start Your Policy
Once you’ve found the right policy, just pick your start date and make your first payment. Your renters insurance coverage begins immediately or on the date you choose. Through Fairshot Financial, managing your policy is simple, and you can update or cancel anytime.
How FairshotFinancial Works
Complete a Quick Questionnaire
We’ll ask you some questions about yourself, driving history and the insurance coverage you want.
2. Find Coverage
Review the offers and choose the policy that best fits your coverage needs and budget. The best part: It’s 100% free and only takes a few minutes.
3. Compare Rates
We’ll sort through over 200 insurance companies large and small (so you don’t have to) and find the best rates available in your area.
Renters Insurance Coverage Options
| Coverage Type | What It Covers | Ideal For |
|---|---|---|
| Personal Property Coverage | Replaces belongings like furniture, electronics, and clothing. | Renters in apartments or houses. |
| Liability Coverage | Covers injuries to others or property damage you cause. | Anyone with guests or pets. |
| Loss of Use Coverage | Pays for hotel stays or temporary housing after a covered event. | Areas with risk of fire or flooding. |
What Affects Your Renters Insurance Rate?
-
Location of the rental property
-
Type of building and security features
-
Value of your personal items
-
Chosen deductible and coverage limits
-
Claims history and credit profile
Why Compare with Fairshot Financial?
-
One simple form
-
Get multiple quotes instantly
-
Only from top-rated insurers
-
No hidden fees, no obligation
FAQs about Renters Insurance
Is renters insurance required?
Not legally, but many landlords now require it in the lease agreement.
Does it cover my roommate’s belongings?
No, each tenant should have their own policy unless added as an additional insured.
What’s not covered?
Damage from floods, earthquakes, or pests is usually not covered unless you add specific riders.
Is it expensive?
Most policies range from $10 to $25 per month, depending on your location and coverage.