Renters insurance provides coverage for your stuff while it’s outside your home
That’s right, in lots of cases your renters insurance will protect your belongings even when you take them out of your home. Like, if something of yours is stolen from your hotel room or if your car is broken into and things are taken out of it. To be clear, any damage to the car is covered by your auto insurance. But the items taken out of it would be covered by your renters policy.
There are additional coverages for higher-value items
An add-on to a renters policy called scheduled personal property can provide additional coverage for your more expensive items like jewelry, art, and the like. This add-on also may cover you in an instance you lose the item.