Recommended Renter Insurance Limits

For most rentals, the renter should have a standard renters policy (HO-4 or equivalent), not just a bare liability add-on. The policy should include personal property, personal liability, loss of use / additional living expense, and medical payments to others. For belongings, replacement cost coverage is usually the better choice over actual cash value because it does not reduce payment for depreciation.

Coverage	Recommended limits	Key purpose
Personal liability	Minimum $100,000; $300,000 is a better standard for most apartment communities	Protects the tenant if they are legally responsible for injury to others or damage to others' property.
Personal property	Enough to replace the tenant's belongings on a replacement cost basis; $20,000 is a common practical floor (higher for nicer furniture, electronics, jewelry, or work equipment)	Pays to repair or replace the tenant's own belongings after a covered loss.
Loss of use / ALE	Included with the policy (limit follows the form)	Covers temporary housing and extra living costs if the unit becomes uninhabitable after a covered loss.
Medical payments to others	Typically $1,000 to $5,000	Pays smaller medical bills for guests injured on the premises, often regardless of fault.

For lease administration, the landlord or property manager should usually be listed as an interested party, which lets them receive notice if the policy is canceled, lapses, or changes. That is different from being an additional insured.