Renters insurance is a property insurance policy designed for people who rent or lease their living space, providing coverage for personal belongings, liability protection, and additional living expenses. It protects tenants' personal property from perils such as fire, theft, vandalism, and certain natural disasters (typically excluding floods and earthquakes). The policy also includes personal liability coverage if someone is injured in the rental unit or if the tenant accidentally damages others' property, and covers temporary housing costs if the rental becomes uninhabitable due to a covered event.