Your landlord’s policy doesn’t cover your stuff
It covers the building. Everything you carried through the front door — your laptop, your bike, your clothes — is on you. Coverlyn connects you with Lemonade for renters coverage you can set up online, without an agent.
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- Your belongings $30,000
- Personal liability $100,000
- Somewhere to stay $9,000
- Deductible $500
Illustrative example, not a quote. Your price and limits depend on where you live, what you’re covering, and the deductible you pick.
The reasons renters skip it — and why they don’t hold up
Most people don’t decide against renters insurance. They just never get around to it, usually for one of these six reasons.
Their policy pays to rebuild the building. It doesn’t replace your things and it won’t defend you if someone gets hurt in your unit. Two separate policies, two separate jobs.
Priced one at a time, no. Priced all at once after a fire or a break-in, a laptop, phone, TV, bike, kitchen, and a closet of clothes usually lands north of $20,000. Add it up below.
Renters is one of the cheapest policies you can buy. Lemonade advertises renters coverage from $5 a month — less than most people spend on coffee in a week.
This is the most common reason people land here, and it’s the easiest to solve. You buy online and your proof of insurance is issued with the policy — no agent, no appointment, no waiting on a callback.
That’s true of a lot of insurers. Lemonade runs claims through its app, and says simple claims can be reviewed and paid in seconds without a phone tree.
Both are fine. A policy covers your things, not your roommate’s, so you each get your own. When you move, you update the address — the policy comes with you.
See what your coverage would cost
Leave your email and we’ll hand you off to Lemonade, where you’ll answer a few short questions and see a real price. No account to create.
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What a renters policy actually pays for
Four kinds of protection, and they cover more situations than most renters expect.
Your belongings
Furniture, electronics, clothes, kitchen gear, and the rest — covered against theft, fire, smoke, vandalism, and certain kinds of water damage. Coverage follows your things outside the apartment too.
In practice: your laptop is stolen from a café two states away, and it’s still a claim on your renters policy.
Personal liability
If someone is injured in your home, or you accidentally damage someone else’s property, this pays the claim and the legal costs that come with it. It’s the part renters underestimate most and the part with the biggest numbers attached.
In practice: an overflowing bathtub soaks the unit below yours, and your liability coverage handles the neighbour’s repair bill.
Somewhere to stay
Also called loss of use. If a covered event makes your place unliveable, the policy pays for a hotel or short-term rental, plus the extra costs of living somewhere that isn’t home — while you’re still paying rent.
In practice: a kitchen fire closes your building for three weeks, and the policy covers the rental you move into.
Medical payments to others
A smaller pot of money that pays a guest’s medical bills after a minor accident in your home, without anyone needing to prove you were at fault. It’s designed to settle small incidents before they turn into liability claims.
In practice: a friend trips on your rug and needs stitches, and the bill is handled without a dispute.
Add up what’s actually in your place
Tick what you own. Most renters are surprised by the number they land on — this is what you’d be replacing all at once.
Rough cost to replace it all
$13,700
That’s a number most people can’t absorb in one go. A renters policy exists for exactly this moment.
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Values are national ballpark figures for estimating only. Lemonade will help you set a real coverage amount during the application.
Coverlyn’s renters insurance partner
We picked one insurer for renters, and it’s Lemonade
Coverlyn doesn’t write policies. We match you with the company that does your kind of coverage best — and for renters, that’s Lemonade. Everything happens in an app: you answer a short set of questions, you see a price, and you’re covered. When something goes wrong, you file the claim in the same app instead of sitting on hold.
Three steps, start to covered
The whole point of a marketplace is that you only fill things in once.
Leave your email
That’s the only thing we ask for. No account, no password, no phone number for a sales team to call.
Answer a few questions
We hand you to Lemonade, where you’ll confirm your address, what you’re covering, and the deductible you want. It’s a short form, not a phone call.
Get covered and get your proof
Pick your price, pay, and your policy documents are issued — including the proof of insurance your building asked for.
Still on the fence?
A quote costs nothing and commits you to nothing. Get the number, then decide whether a few dollars a month is worth not replacing everything you own out of pocket.
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Questions renters actually ask
The practical ones, answered plainly.
How much does renters insurance cost?
Lemonade advertises renters coverage starting at $5 a month. What you’ll actually pay depends on your city, the value of what you’re covering, and the deductible you choose — a higher deductible lowers the monthly price, more coverage raises it. You’ll see your real number before you commit to anything.
My lease says I need it by a specific date. How fast is this?
The application is done online rather than through an agent, and your policy documents and proof of insurance are issued once your payment goes through. You can set the start date to match what your lease requires and forward the certificate straight to your property manager.
I live with roommates. Do we share a policy?
Usually you each buy your own, and that’s the cleaner arrangement. Your policy covers your belongings and your liability, so a claim from your roommate’s stolen laptop doesn’t touch your coverage or your record. Some insurers allow a named roommate on one policy, but separate policies avoid arguments later.
What happens when I move?
You update your address in the app and the policy follows you. Your price may shift a little because location affects rates, but you don’t need to cancel and start over. If you’re moving out of state, check that coverage is available there before your move date.
Does it cover my dog?
Personal liability generally extends to dog bites, which matters because many buildings require exactly that before they’ll approve a pet. Some breeds are excluded or need a separate endorsement, so answer the pet questions honestly during the application rather than discovering a gap at claim time.
Is Coverlyn the insurance company?
No. Coverlyn is a marketplace. We don’t underwrite policies or handle claims — we match you with the partner that fits your situation and hand you over. For renters insurance that partner is Lemonade, and your policy, your payments, and your claims are all with them.
Renters who stopped putting it off
Placeholder testimonials — swap in real, permissioned customer quotes before this page goes live.
“As a first-time renter I had no idea where to start. The Lemonade quote came through in minutes and cost less than I expected. So easy.”
“My building wanted proof of insurance before they’d hand over the keys. I did the whole thing on my phone in the leasing office parking lot.”
“A pipe upstairs let go and took out my desk setup. I’d been paying about the price of a sandwich each month and it covered all of it.”
Protect the place you rent
Everything you own, covered for roughly what you’d spend on lunch. Drop in your email and we’ll take it from there.
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