Tenants live in non-owned habitational spaces. The lack of ownership by the insured means there is no dwelling structure to be insured. The lease may be in writing or verbal and may be short term or long term.
Coverage depends on the value of contents (furniture and appliances) as well as personal property such as jewelry, furs, fine arts, electronics, and other items. Appropriate safeguards should be in place and a current appraisal available to substantiate any loss. An inventory and picture record is important to document the existence and aid in recovery.
Personal liability exposure exists via the members of the household (including pets) and conditions related to the insured premises. The age of any children, the type and breed of family pets, the social and civic organizations the family participates in can all impact the loss potential.