The savviest renters not only know how to make a space their own, but how to make their renters insurance policy their own. As such, savvy renters also apply the most practical renters insurance upgrades to maximize their coverage. To help you join the ranks of savvy renters, our insurance experts are here to tell you about the most practical renters insurance upgrades and how they can benefit you!

Before We Talk Renters Insurance Upgrades, Brush Up Your Lingo

Before diving into the most practical policy upgrades, it’s helpful to understand the lingo. While an endorsement (also commonly called an rider) increases the coverage for property categories, like jewelry, a scheduled endorsement policy adds coverage to specific high-value items, like a baseball card collection. It’s also wise to know which questions to ask your insurance expert, like: Is it better to have a lower or higher deductible renters insurance? While we may not have all the answers to your questions in this article, we will tackle some game-changing upgrades you can make to your renters insurance policy! 

4 Game-Changing Renters Insurance Upgrades

1. Scheduled Property

Now that you’re well-versed in the lingo, it’s time to talk about scheduled property endorsements. Most basic plans have dollar limits to the coverage for specific items like jewelry or electronics. If you have a suped-up gaming system or prized art collection, you can schedule a property endorsement to add coverage to those high-value items.

2. At-Home Business

Okay, let’s talk business – your at-home business, that is. Since most standard insurance doesn’t cover the equipment used for an at-home business, this endorsement is a practical policy upgrade for the entrepreneurial renter. So, if you make more than $2,000/year as a celebrated pet portrait artist, endorsement is a wise insurance upgrade to consider.

3. Identity Theft Protection

Believe it or not, identity theft protection has become a popular part of renters insurance plans. Considering the alarming increase in cases of identity theft, this is among the most practical policy upgrades you can make, as well as one of the most cost-effective. Usually costing about $25/year, this upgrade is considered a no-brainer by most providers.

4. Replacement Cost

For renters with expensive items, replacement cost endorsements are practical policy upgrades. Simply put, you pay a bit more upfront for a higher payout to replace a specific item in the event of a claim. This endorsement allows you greater coverage of your higher-value items, without having to switch to an actual cash value policy.

Renters Insurance Upgrades Pro Tip:

Texas storms are no joke and renters insurance won’t cover severe weather damage. But you can get flash flood and hurricane coverage by adding a National Flood Insurance Policy via the federal government. 

Learn more by clicking the button below!

most practical policy upgrades

Additional Renters Insurance Upgrades 

While we’ve highlighted the most popular policy upgrades, there are some additional areas of coverage you may want to consider adding to your renters insurance plan.

renters insurance upgrades

Pet Damage

If you’re an animal lover like we are, you appreciate the many ways in which pets enrich our lives. That being said, even the most mild-mannered pets can be badly-behaved beasts. Since most basic plans don’t cover damage or liability associated with your pet, it may behoove you to add a pet damage endorsement to your renters insurance policy.

renters insurance upgrades

Sewer & Drain Backup

Picture this scenario: Returning home to your newly furnished apartment, you open the door to a situation comparable to the indoor monsoon scene from “Jumanjii”. Come to find out, your drain’s backup succumbed to the recent rain. Even worse, the damage isn’t covered by your renters insurance, as you failed to add sewer and drain backup coverage!

Find the Best Renters Insurance Upgrades to Your Policy


While these policy upgrades are among the most popular, we know that no two renters are the same, and neither are their coverage needs. Our insurance experts will not ask you to simply settle for the “standard” coverage – we take the time to learn about your lifestyle and shop around for the perfect policy options to meet your needs. Build your custom plan with a Lifetime pro today – give us a call at (972) 771-2622 or visit our site!

most practical policy upgrades

Protect What Matters Most

Our insurance experts can build the perfect plan to protect what’s most precious to you. Click “Find Coverage” to see what Lifetime can do for you!