5 Common Misconceptions About Renters Insurance

Don’t let these myths leave you vulnerable—get the facts and the coverage you need.

Renters insurance is one of the most affordable and important policies you can have as a tenant, yet many renters skip it altogether—often due to misunderstandings about what it does (and doesn’t) cover. At Rolland Insurance, we believe protecting your home and belongings should be simple, smart, and clear.

Let’s debunk five of the most common myths about renters insurance.

❌ Myth #1: “My landlord’s insurance covers my belongings.”

Reality: Your landlord’s policy only protects the building itself—not your personal items.

If a fire, storm, or water leak damages your furniture, clothing, or electronics, you’re on your own without a renters policy. Renters insurance covers your personal property, whether it's inside your apartment or even in your car, a storage unit, or while you're traveling.

❌ Myth #2: “Renters insurance is too expensive.”

Reality: It’s one of the most affordable types of insurance—typically $15–$30 a month.

That’s less than a weekly coffee run for peace of mind that protects thousands of dollars' worth of your belongings. Costs vary depending on location, coverage level, and deductibles, but bundling renters insurance with auto can often lower both premiums.

❌ Myth #3: “I don’t own enough to make insurance worth it.”

Reality: Most people underestimate the value of their stuff.

If you add up the cost of your electronics, furniture, clothes, shoes, kitchenware, and more, chances are your belongings total $10,000–$30,000—or more. Renters insurance helps you replace everything after a covered event like theft, fire, or vandalism.

❌ Myth #4: “It only covers stuff inside my apartment.”

Reality: Renters insurance follows you beyond your front door.

Personal property coverage often applies anywhere—like if your laptop is stolen at a coffee shop or your luggage is lost while traveling. Many policies also include liability coverage, which protects you if someone gets injured in your unit or you accidentally damage someone else’s property.

❌ Myth #5: “It’s too complicated to set up.”

Reality: It’s fast, easy, and customizable.

A renters policy can be set up in minutes with the help of an independent agency like Rolland Insurance.

We guide you through:

• Choosing appropriate coverage limits

• Understanding your deductible

• Adding optional endorsements (like coverage for jewelry or high-end electronics)

• Bundling with auto for added savings

✅ Final Thoughts: Know What’s True, Get What You Need

Renters insurance isn’t just for “stuff”—it’s for security, savings, and peace of mind. Whether you’re renting your first apartment, a downtown loft, or a suburban home, having the right protection matters.

📞 Need Help Finding the Right Policy?

At Rolland Insurance, we shop multiple top-rated carriers to find you the best coverage for your lifestyle and budget. We’re here to make renters insurance simple and stress-free.

👉 Get a free quote today and protect what matters—without falling for myths.