Is renters insurance required in Maine?
Although renters insurance isn't required by Maine law, your leasing company or landlord might require a policy before they hand over your keys. Even if you're not required to carry renters insurance, a renters policy is generally affordable and may cover your belongings against certain perils and help pay for you to live elsewhere if you're unable to stay in your residence while it is being repaired or rebuilt because of a covered loss.
Maine renters insurance coverages
Check out the four standard coverages on nearly all Maine renters insurance policies:
- Personal property protects your personal belongings, including furniture, clothing, and electronics.
- Loss of use helps cover costs associated with an increase in living expenses, up to your policy's limit, if you're unable to stay in your home while it's being repaired or rebuilt due to a covered loss.
- Personal liability protects you financially if you're legally responsible for another person's injuries or damage to their property.
- Medical payments to others pays for medical expenses due to a covered occurrence.
For tenants renting apartments, condos, or homes, the best renters insurance in Maine is always a policy with customized coverage limits. Here are some extra options for when you need more protection:
- Certain valuable items, like jewelry, art, and collectibles, may have specific limits on your renters policy. If your items exceed the limit, you may be able to purchase an endorsement for your policy, also known as "adding a rider," to cover the item for its value.
- Personal injury: May pay for legal fees and damages if you're liable for slander or defamation.
- Water back-up: Water that backs up through sewers or drains or discharges from a sump pump may not be covered by your standard renters policy. Water back-up coverage may pay for the damage to your belongings and water removal costs.
Learn more about renters insurance coverages.
Common claims in Maine
In 2020, there were 15,610 instances of property crime reported in Maine, including burglaries and cases of breaking and entering. Find out how renters insurance may cover theft if your belongings are stolen in a burglary.
Bundle renters with auto insurance and save! We make it simple to get a bundled quote and earn a multi-policy discount, even from your phone.
Discounts on Maine renters insurance
Progressive offers several discounts to help lower the cost of renters policies in Maine, such as:
- Quote in advance
- Pay in full
- Secured/gated community
See more of our available renters insurance discounts.
What does Maine renters insurance cost?
You can buy renters insurance for less than $1/day.* Many components influence the cost of renters insurance in Maine, including your location and coverage limits. Learn more about renters insurance cost factors.