Contents Insurance
Contents insurance, or personal property insurance, is coverage for “your stuff” (bikes, laptops, TVs, etc.)

Contents insurance, or personal property insurance, is coverage for “your stuff” (bikes, laptops, TVs, etc.)
Contents insurance is a key part of renters (and homeowners) insurance, and it provides financial protection for your valuable stuff in various situations. It’s sometimes referred to as “personal property coverage,” or “Coverage C.”
Contents insurance is one part of your renters insurance policy. It covers the financial loss from damage or theft of things like furniture, laptops, clothing, and other valuables.
Contents insurance covers your personal property against certain types of damage. In the insurance industry, bad things that can happen to your stuff that are covered by your policy are called “named perils.” For renters insurance, that generally includes things like:
Contents insurance can help in a wide range of scenarios, including some that you may have never thought about. Here are a few concrete cases in which you’d be able to file a claim:
In many cases, including with Lemonade Renters, your insurance company will compensate you for the replacement cost of your belongings, minus your deductible.
The amount of contents insurance you need depends on the value of the personal property that you’re trying to protect.
Do yourself a favor. Before signing up for renters insurance, take a look around your place and go over these three simple steps to save time (and money!) later:
For example, if you have $27K worth of items, you should choose a personal property coverage amount of $30K.
If you already have a Lemonade Renters policy, you can increase your coverage limits at any time—though doing so will affect your premium.
We mentioned that contents insurance is only a piece of your entire renters insurance policy. So what do the other pieces do? Well, there’s:
It’s essential to wrap your head around any exclusions in your contents insurance policy to avoid surprises when filing insurance claims. Some common exclusions are:
At Lemonade, contents insurance (and your renters insurance policy overall) does not cover roommates who aren’t related to you. They’ll want to get their own policies—more on this here.
Blood relatives, as well as spouses, would be covered by your contents insurance.
The average price of a Lemonade Renters insurance policy in the US, as of early 2025, is around $16/month.
Your policy premium depends on things like the deductible and coverage limits you choose, as well as any valuables you’ve added to your policy (aka “scheduled”).
Basic renters insurance policies start with a personal property coverage limit of $10,000. Increasing that to $30,000 is usually a smart idea, and it likely won’t send your price soaring. Plus, it might mean that you’ll end up paying less out-of-pocket later in the event of a claim.
You can get your Lemonade insurance quote in just a few minutes by clicking the button below.
A few quick words, because we <3 our lawyers: This post is general in nature, and any statement in it doesn’t alter the terms, conditions, exclusions, or limitations of policies issued by Lemonade, which differ according to your state of residence. You’re encouraged to discuss your specific circumstances with your own professional advisors. The purpose of this post is merely to provide you with info and insights you can use to make such discussions more productive! Naturally, all comments by, or references to, third parties represent their own views, and Lemonade assumes no responsibility for them. Coverage and discounts may not be available in all states.
Please note: Lemonade articles and other editorial content are meant for educational purposes only, and should not be relied upon instead of professional legal, insurance or financial advice. The content of these educational articles does not alter the terms, conditions, exclusions, or limitations of policies issued by Lemonade, which differ according to your state of residence. While we regularly review previously published content to ensure it is accurate and up-to-date, there may be instances in which legal conditions or policy details have changed since publication. Any hypothetical examples used in Lemonade editorial content are purely expositional. Hypothetical examples do not alter or bind Lemonade to any application of your insurance policy to the particular facts and circumstances of any actual claim.