What Does Renters Insurance Protect? A renters policy will cover personal property owned by an insured anywhere in the world as well as personal liability. All coverage is subject to policy terms, conditions and deductibles. Protection is limited to the perils listed in the policy. Some of the typical perils are fire or lightning; windstorm or hail; explosion; riot or civil commotion; aircraft; vehicle damage; smoke damage; vandalism or malicious mischief; theft; and falling objects.
