A renters policy provides named perils coverage. This means that the policy only pays when your property is damaged or destroyed by ways specifically described in the policy. These usually include:
- Fire or lightning
- Windstorm or hail
- Vandalism or malicious mischief
- Falling objects
- Weight of ice, snow, or sleet
- Accidental discharge or overflow of water or steam
Renter's coverage applies to your personal property no matter where you are.