Renters Insurance Coverages

Renters Insurance from the GMAC Insurance Homeowners Program* provides broad coverage for your personal property and more – for a surprisingly affordable rate!

Renters Insurance coverage options include:

• Personal property coverage – protection for your personal property or possessions.
• Medical expense coverage – coverage of medical expenses to others as a result of bodily injury up to a certain limit.
• Liability coverage – that protects you against certain risks up to $100,000 for bodily injury or property damage, with additional limits available.
• Protection against losses from the following named perils:
  • Fire or lightning
  • Windstorms or hail
  • Explosion
  • Riot or civil disturbance
  • Aircraft
  • Vehicles
  • Smoke
  • Vandalism or malicious mischief
  • Theft
  • Volcanic eruption
  • Falling objects
  • Weight of ice, snow, or sleet
  • Accidental discharge or overflow of water
  • Sudden and accidental tearing apart
  • Freezing
  • Artificially generated electrical charge
• Optional additional coverage is available for property such as personal computer equipment, business property, jewelry, bicycles, cameras, etc.

Renters Insurance Limitations and Explanations of Coverage

• As with most insurance, our policies have per-category limits for certain items such as jewelry and furs. If the value of your property exceeds these limits, you can seek an appraisal for the worth of your valuables and purchase the additional extended coverage that you require.
• We also provide coverage to protect against accidents and injuries that occur in your home, as well as outside of your home that are caused by you or your property. (This does not include automobile accidents.) This liability coverage includes legal defense costs, if you are taken to court over such an accident.
• Loss of use coverage provides for you if your rental residence is uninhabitable as a result of any of the named perils. That means that we will pay for you to live somewhere else while your residence is being repaired. The limit on this type of coverage is 20 percent of the amount of your personal property coverage.

Available Endorsements

Endorsements allow you to extend your coverage in ways that make sense for your valuables and your property, including:

Replacement Value Loss Settlement Terms — Rather than Actual Cash Value, you can avail yourself of replacement cost coverage. Excluded is rare art, memorabilia, items in poor condition or items obsolete or in storage.

Scheduled Personal Property — This coverage provides a set amount of insurance for valuables like jewelry, watches, furs, fine arts, etc.

Higher Limits on Certain Personal Property — Increases the overall coverage amounts in areas where a sub-limit of coverage exists.

Computer Coverage — Coverage for your computer's hardware and software for direct physical loss due to theft, electrical or magnetic disturbance, or erasure.

Ready to begin?

It's easy. Get an online renters quote or call 1-866-675-3669 for your free, no-obligation quote.