Renters Insurance Calculator

Add up the replacement value of everything you own — furniture, electronics, clothing, appliances, and other belongings. This calculator totals your categories and adds a buffer for items you may have forgotten, giving you a personal property coverage target.

Standard renters policies commonly offer $100,000, $300,000, or $500,000 in liability coverage, which protects you if someone is injured in your rental or you accidentally damage someone else's property. $300,000 is a common recommended middle-ground for most renters.

No — your landlord's own policy covers the physical building. Renters insurance covers your personal belongings, liability, and (with many policies) additional living expenses if you're temporarily displaced by a covered loss like a fire.

Replacement cost coverage pays what it costs to buy a new equivalent item today. Actual cash value coverage pays the depreciated value of your used item instead, which is cheaper but pays out significantly less for older belongings — replacement cost is generally worth the modest extra premium for most renters.

Standard renters policies often cap coverage for specific categories like jewelry, art, or collectibles (sometimes as low as $1,000-$2,500) — if you own valuable items above that cap, ask your insurer about a scheduled personal property rider or floater to fully cover them.