In Chicago we know it as apartment insurance, the actual term is renters insurance which covers your personal property like computers, TVs, electronics, bicycles, furniture, and clothing. Both inside and away from your apartment, condominium, or rental home.
It might also cover items you store in your apartment's garage, storage closet, or on your deck or patio. Renters insurance coverage even extends to personal property in your car. If your laptop is stolen from your vehicle, it’s likely covered. If your bike is stolen while you’re at work, it’s likely covered.
Renters insurance Chicago policy helps pay for property damage, injury and liability claims made against you, and even loss of rental income for losses resulting from covered claims. The policy will help protect your property, furnishings, liability, and even make up for lost rents for losses resulting from covered claims.