South Dakota Renters Insurance
Whether you rent a townhouse in Sioux Falls or a woodsy cabin outside Spearfish, renters insurance in South Dakota can help you repair or replace your personal belongings if they’re damaged or stolen.
Is renters insurance required in South Dakota?
No state laws require you to have renters insurance in South Dakota. But landlords often require it as part of a lease agreement. It may help pay for another person’s medical bills or repairs to their property if you’re found legally responsible for their injuries or property damage. Renters liability coverage may also help cover your legal expenses if you’re sued over an incident that occurs in the place you’re renting. Keep in mind that your landlord’s insurance provides coverage for the building itself, but this likely does not include your personal belongings.
How much does renters insurance generally cost in South Dakota?
Renters insurance in South Dakota can cost as little as $10 a month (or $112 per year) for around $35,0001 in coverage, less than the national average, according to 2021 data (the most recent available) from the National Association of Insurance Commissioners (NAIC). Keep in mind that insurance premiums in many states have changed since then. Your cost may be different, too, depending on things like how much personal property you want to cover, what deductible you choose and risks specific to your town or neighborhood.
What does South Dakota renters insurance typically cover?
Typically, renters insurance policies in South Dakota can provide coverage against damage to or loss of personal belongings if caused by:
- Fire
- Vandalism and theft
- Lightning strikes
- Wind
- Hail
- Explosions
- Falling objects
- The weight of snow or ice
Some areas of South Dakota are prone to flooding, but flooding is not covered. Special flood insurance through the National Flood Insurance Program (NFIP) may be available for renters.
Pasque Flower
More coverage options in South Dakota
Learn From Experience
Do you have more questions about renters insurance? We have answers.
Even though you’re just getting started, your personal possessions are probably worth more than you realize. Now imagine you have to run out and replace everything at today’s prices. That’s going to be a very expensive shopping trip — unless you have renters insurance to help cover the cost.
Your renters policy helps cover the contents of your apartment for a number of perils — including theft. If someone walks off with your laptop or sound system, your policy can help cover the cost to go out and buy a new one.
The amount of coverage you should consider getting depends on the combined value of all your personal possessions. Make a written inventory of what you brought into the place. Now think of what it would cost to replace everything with new merchandise at current prices.
1 Estimate is based on HO-4 policy with coverage of $32,000 to $37,999.