Before You Move In

Renters Insurance

Accidents happen! Renters insurance protects you and your personal possessions in the event of a fire, theft, or other incident. Most renters' insurance policies will include protection for both individual property and personal liability. Your best option is to select a policy that offers both types of protection.

Why get it?

Many renters believe their landlord's insurance policy will cover their personal property in the event of an accident. This is often not the case. If one of your neighbors does something to cause damage to your personal property, the landlord is not required to cover you under their insurance. A few years ago, an apartment building was destroyed by fire due to an unattended charcoal grill. Of the 40 people who lost all their possessions, only two had renters' insurance.

How much should you get?

Most policies start at $5,000 worth of coverage for your personal possessions. However, you should create a list of the replacement costs of your property to determine if a higher policy limit is correct for you. Once you add in your computer, stereo, television, cell phone, clothes, and other items, you may find that you have far exceeded the $5,000 basic policy limit. As for personal liability, most basic policies will include $100,000 in coverage.

How much does it cost?

Renters insurance is surprisingly inexpensive. Basic policies start around $7 to $8 a month. Upgraded polices may run from $10 to $14 per month. 

Where can you get it?

You can obtain renters insurance through most major insurance carriers and even some credit unions. You may also be able to bundle a policy through your parents' homeowners insurance and receive an additional discount.

This article was created by a collaborative group of attorneys, landlords, students, and public officials.

Security Deposit

Moving out means moving on, to a new place, a new city, new experiences. Renters who are only looking forward to moving on and don't give adequate attention to the place they're leaving will be sorely disappointed when the security deposit statement arrives in the mail.

Security Deposits Start Now 

Getting a security deposit back starts before you move in. Start by researching before you sign the lease. When viewing apartments, be sure to ask whether the security deposit is due upon signing the lease or upon moving in.

After moving in, document the apartment's condition, submit repair requests in writing, and take good care of the apartment while you live there. 

Move Out Musts:

• Vacate on time (check the lease)
• Turn in keys
• Turn in cleaning receipts (if required)
• Provide a forwarding address to the landlord

Preparing to Move Out

Many apartments offer a move-out packet detailing the expectations for cleaning and vacating the apartment. If not, be sure to remove all property, garbage, and stray items, wash thoroughly, and check the lease for specific requirements, such as professional carpet cleaning. If your landlord offers a walk-through, take advantage after you have cleaned. The landlord will let you know of any issues while you still have time to address them.

Refund Time

The landlord is required to send your security deposit refund, along with an itemized list of damages for any amounts withheld, within 30 days after you return your keys and provide your forwarding address. If you think the charges are unreasonable, please write a letter or email to your landlord disputing the charges. Could you be specific and maintain a professional tone? If you are unable to work it out with your landlord, you can go ahead and seek the advice of an attorney to explore your options.

Every situation is different. This website is meant to give you only general information, not specific legal advice. For legal advice, consult an attorney.