What does Renter's Insurance mean? Read on to discover the definition & meaning of the term Renter's Insurance - to help you better understand the language used in insurance policies.
Renter's insurance is insurance coverage that is designed to prevent losses for people who are renting property. Renter's insurance covers a renter's liabilities in addition to his or her property within the condo, house, or other building that is being rented. Renter's insurance is sometimes required by landlords in order to rent the property.
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 Renter's 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: