While a landlord’s policy covers the structure of your living space (be it a house or apartment building), it doesn’t cover you in the way a renters insurance policy will.

Here are the gaps that renters insurance help fill:

• Theft or break-ins
• Indoor fire, smoke, or water damage
• Severe weather (wind, lightning, hail)
• Accidental damage you cause to someone else’s property
• Medical bills if someone gets injured in your rental
• Temporary living expenses if your home becomes unlivable

So, whether you’re living in an apartment in Downtown Cincinnati or renting a historic flat in Walnut Hills, there are still plenty of risks to be aware of that renters insurance can help with.

If you rent, having an insurance policy is a good idea, but in some cases, it may be required. Most management companies for apartment complexes require proof of insurance before moving in, often with a minimum amount of liability coverage.

But those that rent homes or a duplex in neighborhoods like Mt. Auburn, Avondale, or Price Hill where a policy may not be mandatory can still benefit from one. Again, a landlord’s policy will cover the structure, not the items within.

A renter’s insurance policy is especially helpful if you:

• Share housing with roommates (to protect your belongings)
• Are renting short-term or relocating for work
• Own furniture, certain electronics, or other valuables

Standard renters insurance policies typically include the following coverage:

• Personal Property: Covers your belongings (furniture, clothing, and certain electronics) if they’re damaged or stolen by a covered incident.
• Liability Protection: Helps if you’re legally responsible for injuries or property damage. Required by most apartment complexes, with a minimum limit of $100,000 being the standard.
• Medical Payments: Covers minor injuries to guests on your property, no lawsuit necessary.
• Loss of Use: Pays for temporary housing and living expenses if your rental becomes uninhabitable due to a covered loss.

Sometimes a standard policy may not offer protection for every scenario. Some additional coverage that renters may want to consider includes:

• Replacement Cost Coverage: Offers reimbursement for the value of insured items.
• Valuables Coverage: Extra protection for high-end electronics, jewelry, or other defined objects.
• Water Backup Coverage: Offers assistance for internal damage caused by plumbing backups not covered by your landlord or management company’s policy.
• Flood Insurance: Home renters or apartment tenants on the first floor could benefit from a flood insurance policy. While the building is taken care of by the owner, your property is not covered by standard coverage if it's damaged from flooding. Policies are available through the National Flood Insurance Program or private carriers.

This may not be a full list of every option available, and the descriptions are general in nature to give you an understanding of what they cover.

When you work with Goosehead, you work with an agent who will learn your needs to find coverage that makes the most sense.

On average, Cincinnati renters pay roughly $260 a year. However, prices can vary and will depend on:

• Location/ZIP Code: Some areas may see higher reports of crime or weather-related claims.
• Type of Building: Home rentals may require more coverage or limits than an apartment complex.
• Personal Property: The replacement value of your items is considered.
• Coverage Limits and Deductibles: The more coverage you opt for the more you pay.
• Claims History: Frequent claims often leads to higher premiums.

Just like with home or auto insurance, there are ways to help lower your renters insurance premium. Common strategies include:

• Bundling: Many carriers will let you bundle renters and auto insurance for a discount.
• Install Anti-Theft Devices: External doorbells with cameras or other anti-theft devices may qualify you for a discount.
• Shop Around: A Goosehead agent makes it easy to find a better rate before your policy renews while keeping one point of contact for your needs.

Whether you’re a college student getting your first apartment close to UC, a young professional renting near the Central Business District, or a family leasing a house in Alvondale, Goosehead makes it easy to get the renters insurance you need.

Here’s why our renters trust us:

• Comprehensive Comparisons: We make the comparisons for you, saving you time and effort.
• Industry Expertise: If you’re renting for the first time, our agents can explain industry terms and conditions in ways you understand.
• Local Knowledge: Our agents are licensed for the Ohio area, so they know what risks to be aware of.
• Dedication to Service: From getting a quote to finalizing your policy, you’ll receive top-notch service at every step of the way.