Renters Insurance in Rhode Island

Experts break down renters insurance costs, coverage, companies, and more in Rhode Island.

Ann Herro, Insurance Expert Written by Ann Herro
Ann Herro, Insurance Expert
Written by Ann Herro

Ann Herro has been writing about insurance and employee benefits for over 15 years. She has covered topics as easy as insuring a car, and as difficult as transparency in healthcare costs.

Reviewer: Jeffrey Green Reviewed by Jeffrey Green
Reviewer: Jeffrey Green
Reviewed by Jeffrey Green

Jeff Green has held a variety of sales and management roles at life insurance companies, Wall street firms, and distribution organizations over his 40-year career.  He was previously Finra 7,24,66 registered and held life insurance licenses in multiple states. He is a graduate of Stony Brook University.

Young couple moving into a new apartment. Find Rhode Island renters insurance.

If you are among the many renters in Rhode Island, you can benefit from purchasing an affordable renters insurance policy.

A local independent insurance agent can help you find renters insurance in Rhode Island. Whether you live in a rural community or one of the state’s thriving cities or towns, local agents can shop around to find you the best renters insurance in Rhode Island.

What Is Renters Insurance?

Renters insurance is a type of personal insurance policy. It protects your personal belongings against damage or loss from things like fire or theft. It also covers you if someone is injured due to your negligence.

Renters occupy nearly 30% of all housing units in Rhode Island. When you are a renter, you’re as susceptible to property damage as those who own their homes. Consider the top five causes of residential property damage in Rhode Island:

  • Hurricanes and tropical storms
  • Heavy snow
  • Severe storms and lightning
  • Wind damage
  • Burglary and other property crimes

Rhode Island has had 25 natural disaster declarations since 1953 and has about 2.66 burglaries per 1,000 people each year.

When you’re a renter, you need protection for your personal property, just like someone who owns their home.

What Does Renters Insurance Cover in Rhode Island?

Renters insurance is designed to reimburse you when your personal property is lost, damaged, or destroyed by unexpected events, such as fire and theft. It also covers you in some instances if you're sued for negligence. In general, here’s what’s covered by renters insurance in Rhode Island:

  • Personal property coverage: Covers repair or replacement costs if your personal belongings are lost or damaged due to a covered event such as:
    • Fire
    • Smoke
    • Lightning
    • Vandalism
    • Theft (including personal items stolen from your car, but not the vehicle itself)
    • Explosion
    • Windstorm and water damage (not floods)
  • Personal liability coverage: Covers your financial obligations and legal costs if you accidentally cause injuries, property damage, or financial harm to others
  • Loss of use coverage: Pays for your temporary living expenses if a covered event like a tornado causes severe damage to your home, and you must seek alternate accommodations while your landlord makes repairs

When you add up the estimated value of everything you own, including furniture, clothes, electronics, and jewelry, you may be surprised by the total value of your personal property. Investing in renters insurance is a pretty simple choice when you see how much it protects. It can help you avoid financial devastation when you need it most.


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What Doesn't Renters Insurance Cover in Rhode Island?

Renters insurance in Rhode Island usually excludes coverage for certain circumstances and types of claims. Some typical renters insurance exclusions are:

  • Floods and earthquakes: Renters insurance won't cover damage caused by flooding or earthquakes. But you can purchase separate flood insurance and earthquake insurance if you live in an area prone to these events.
  • Auto theft: Your renters insurance may cover personal items stolen out of your car, but it won't cover theft of the vehicle itself. Your auto insurance policy would cover that.
  • Your roommate’s possessions: Your renters insurance policy covers your own stuff, not anything that belongs to your roommates or anyone else aside from a spouse or child.
  • Damage caused by pests: Renters insurance won’t cover damage caused by pests (rodents, bugs) or the cost of an exterminator.
  • Building damage: Renters insurance is strictly for your personal possessions. It does not cover damage to the physical building in which you live. Your landlord's insurance would cover that.

It is important to be aware of what your Rhode Island renters insurance policy does and does not cover so that you do not face any unfortunate surprises later.

Is Renters Insurance Required in Rhode Island?

Renters insurance is not required by law in Rhode Island. But that does not mean that you should overlook its importance if you’re a renter.

Renters insurance protects your property and your finances. It makes sense to purchase this affordable coverage to ensure that you don't face a more significant financial loss if you experience a fire, a burglary, or some other type of event that damages your personal property.

What are the Best Renters Insurance Companies in Rhode Island

The average cost of renters insurance in Rhode Island is just $182 per year. That is less than $16 a month.

Of course, not everyone will pay the same for their renters insurance policy. Your rates may be higher or lower than average. But that's why it's best to shop around for policies from the best renters insurance companies in Rhode Island.

Local independent insurance agents make comparison shopping easy. They can obtain quotes from multiple insurance companies and ensure that you're getting your policy at a competitive price.

Why Shop Renters Insurance with an Independent Insurance Agent in Rhode Island?

Instead of getting an online quote, find an independent insurance agent now, and get one-on-one consultation and affordable options for the best coverage for your unique needs. Your agent will work with you free of charge, offering you a variety of options, so you can make the best choice.  

What’s more, your agent will be there for you when claim time comes. They know the ins and outs of the process and will make sure your claim is handled appropriately.

Contact an agent today for a free, no-obligation consultation.

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