Determining how much coverage you need begins with how much stuff you need to protect.
The more stuff you need to protect, the higher the limit you should consider. Take inventory of your belongings prior to quoting, that way you have a better general idea of the coverage limit you’d like to select. This includes your clothes, electronics, furniture, kitchenware, jewelry, and other items you own.
Liability comes standard with a Liberty Mutual Renters policy. This coverage means you’re protected if you, your family member, or your pet injures someone or their property.
You can also consider no-fault medical coverage, which means your insurance company will foot the bill for someone’s medical bills if they’re injured in your home.
Your policy’s liability portion could also cover the cost of a lawyer to defend you in court and the cost of court awards, up to your policy’s limit. These limits usually start at about $100,000, but you can choose to buy more coverage.7
Finally, here’s a helpful way to think about the cost of your policy:
More coverage + lower deductible = higher premium
Less coverage + higher deductible = lower premium