I just moved into my first apartment. Can I add tenant insurance to my existing policy?

No, tenant insurance is its own standalone policy, so you buy it on its own rather than adding it to something else. You can usually bundle it with your auto insurance for a discount. For the plan itself, an all risk (comprehensive) policy gives you the broadest protection after a loss. It costs more than named perils coverage, but it covers far more of what can actually go wrong.

Choosing your coverage

• Contents limit: add up what it would cost to replace your furniture, clothes, and electronics.
• Replacement cost: pays to replace items with new ones instead of their depreciated value.
• Liability limit: check whether your lease requires a minimum amount.
• Deductible: a higher deductible lowers your premium but means paying more per claim.

Getting started

Have your address, move-in date, and a rough inventory ready. A broker can compare tenant insurance quotes from several insurers and show you what bundling saves.