What's covered by renters insurance?

Most renters insurance policies include:

• Personal property protection: If your belongings are stolen or destroyed, the insurance company pays (minus your deductible).

• Liability and medical costs: If you're found responsible for a person being injured or property being damaged in your home, the insurance company pays.

• Loss of use: If you need to relocate after a disaster while your home is being repaired, the policy may cover hotel bills and other unexpected expenses in the interim.