Find the Best Renters Insurance in Baltimore, MD

What does renters insurance cover in Baltimore?

Renters insurance in Baltimore covers loss or damage of your personal property (e.g., clothing, furniture, electronics) due to events such as fire, lightning, theft, vandalism and other “perils.” This is known as personal property coverage.

Other coverages in renters insurance in Baltimore include:

• Additional living expenses: If the house or apartment where you are living is damaged by a covered peril and you have to move out while repairs take place, additional living expenses coverage pays for extra costs you incur, like hotel bills.
• Liability coverage: If you are responsible for an injury to someone while they are on your property, or you accidentally damage someone’s property, liability coverage pays for legal and medical costs.

Keep in mind that a rental policy has coverage limits for personal property and liability, so you should take an inventory of your belongings to determine their total value, and figure out how much liability coverage you need to protect your assets. Ask about riders for high-value items, like jewelry, that may exceed coverage limits. A policy also has a deductible for personal property coverage.

How much is renters insurance in Baltimore?

The average cost of renters insurance in Maryland is between $15 and $30 per month, according to the Maryland Insurance Administration, which regulates insurance in the state.

Multiple factors affect the cost of renters insurance in Baltimore. These include:

• The amount of coverage
• The type of coverage (e.g., replacement cost vs. actual cash value)
• The deductible
• The area where you are renting
• The type of construction of the home or apartment building
• The age of the home, apartment building or condo
• Distance from where you live to a fire hydrant and the quality of the local fire department

You should always comparison shop for policies by contacting both insurance companies and brokers. Make sure you are asking for the exact same coverage so you can make a fair comparison. Ask about discounts. Renters insurance companies in Baltimore offer discounts for buying multiple policies, having a security system and more.

Baltimore renters insurance FAQ

Do college students need renters insurance in Baltimore?

If you’re a college student in Baltimore at Johns Hopkins University, Towson University or another school, you may be covered by your parents’ policy. Check with your parents’ insurance company to learn if your belongings and liability are covered (and the coverage limits) or if you need your own policy. Be sure to mention if you live on campus or off campus.

Is renters insurance required in Baltimore?

Renters insurance is not legally required in Baltimore. Some landlords, however, require renters to carry it, so be sure to read over your lease agreement carefully.

Does everyone in an apartment need renters insurance in Baltimore?

Renters insurance only covers those who are listed on the policy, so if your roommate has a policy but you do not, you will not be covered. You may be able to share a policy with a roommate; there are advantages (cost savings) and disadvantages (sharing claims history) to this. Also, check your lease to learn the specific requirements for renters insurance and whether all tenants must be covered.

Does renters insurance cover broken windows in Baltimore?

Renters insurance will not cover broken windows in your home if you break them. But if you break someone else’s window accidentally, the liability coverage in your renters insurance policy pays for repairs. Your landlord’s policy provides coverage for a broken window in your home caused by bad weather, vandalism and other perils.