What does Rent Insurance mean? Read on to discover the definition & meaning of the term Rent Insurance - to help you better understand the language used in insurance policies.
Rent insurance (also known as tenant insurance or renters insurance) is a policy that covers damage or loss to the personal property of the policyholder who occupies a space they rent, as well as liability for damage or loss to that rented space.
More Insurance Terms And Definitions
The Merriam-Webster Dictionary defines insurance as:
b: Coverage by contract whereby one party undertakes to indemnify or guarantee another against loss by a specified contingency or peril.
c: The sum for which something is insured.
We hope the you have a better understanding of the meaning of Rent Insurance. If you are looking for the meanings of other important insurance terms and their definitions, just click on the letter below to find the words & concepts you are looking for: