Does Renters Insurance Cover Theft?

| February 14, 2019

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Have you ever had something snatched from you? Say, your phone, laptop, or even a piece of jewelry? Unfortunately, at some point, nearly everyone will go through that very unfortunate situation. n 2017 alone, there were 7,694,086 property theft cases (according to Statista)  – that’s as many instances as there are people in Los Angeles, San Francisco, and Chicago, combined! So other than wearing your backpack on your chest, or investing in some super heavy locks and installing an alarm system, how can you help soften the blow? Turns out, if your stuff is stolen inside or outside your home, renters insurance can help reimburse! Your renters insurance policy can help alleviate some serious anxiety when it comes to theft – it protects your phone on the subway and your laptop at the coffee shop. Renters insurance 101. Most people don’t know this, but if you’re renting your home, renters insurance coverage can help protect you and your stuff. While your landlord is responsible for any damage to your walls or the structure of your home (within reason), they aren’t responsible for you or your personal items.

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Lemonade

Lemonade Insurance Company is a licensed insurance carrier, offering homeowners and renters insurance powered by artificial intelligence and behavioral economics. By replacing brokers and bureaucracy with bots and machine learning, Lemonade promises zero paperwork and instant everything. And as a Certified B-Corp, where underwriting profits go to nonprofits, Lemonade is remaking insurance as a social good, rather than a necessary evil.

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