# Renters Insurance

*Insurance — Finicade finance glossary*

Renters insurance covers your possessions and your liability in a home you don't own — the landlord's policy covers the building, not your belongings. It's among the cheapest insurance available, often under $200 a year, and it includes liability cover and additional living expenses if the property becomes uninhabitable. The most under-appreciated part is that it usually covers your things anywhere, not just at home.

**Also known as:** tenant insurance, contents insurance

**Related terms:** [Homeowners Insurance](https://finicade.com/glossary/homeowners-insurance), [Liability Coverage](https://finicade.com/glossary/liability-coverage), [Policy Limit](https://finicade.com/glossary/policy-limit), [Deductible](https://finicade.com/glossary/deductible), [Insurance Premium](https://finicade.com/glossary/insurance-premium)

Source: https://finicade.com/glossary/renters-insurance