Renters Insurance in Chicago: What Buildings Require and Why

What renters insurance does Exhibit On Superior require?

At Exhibit On Superior, renters insurance is required as part of the leasing requirements. The specific standard is $300,000 liability-to-landlord coverage. We recommend treating that amount and coverage description as a checklist item early in your apartment search, rather than waiting until the rest of your move details are in place.

This is a property-specific requirement. Renters comparing Chicago apartments should not assume every building requests the same amount or uses the same coverage language; requirements vary by building. Our leasing team can confirm Exhibit’s current requirement and answer property-specific questions before you finalize your leasing steps.

What do landlord insurance and renters insurance protect?

The Illinois Department of Insurance explains that a landlord’s insurance protects the building structure, not a renter’s personal property. The department says renters insurance can protect a renter’s belongings and that liability protection is standard with most renters policies. Exact coverage, exclusions, limits, and deductibles depend on the policy, so confirm them with the insurer.

Liability-to-landlord coverage addresses the building’s property-specific lease requirement, while a renters policy may include protection for a resident’s belongings and personal liability. Because policy wording varies, our leasing team recommends verifying that the documents supplied by the insurer explicitly show the coverage Exhibit requires.

Leases at Exhibit On Superior require LLI coverage — the specific standard is $300,000 liability-to-landlord coverage. Residents who prefer not to shop for a policy can enroll in an LLI option directly through the resident portal, and residents who bring their own renters policy can ask their insurer to document the liability-to-landlord coverage it includes.

• Landlord insurance: protects the building structure, not a renter’s personal property.
• Renters insurance: can protect personal belongings and commonly includes liability protection; exact terms depend on the policy.
• Exhibit leases require $300,000 liability-to-landlord coverage; an LLI option is available through the resident portal.
• Ask the insurer and Exhibit’s leasing team to confirm that the policy documents satisfy the lease requirement.

Are insurance, lease fees, and utilities separate costs?

Renters insurance is a separate leasing requirement, so it should not be confused with Exhibit’s listed application, administration, parking, storage, pet, or utility charges. Our committed fee table does not list a renters insurance premium. For a current view of the charges associated with leasing at Exhibit, review our fees page or contact our leasing team.

The monthly Utility & Service Amenity fee covers water, sewer, trash, heat, air conditioning, and natural gas for cooking and the clothes dryer. It ranges from $95 for studios to $195 for three-bedrooms. Electricity is billed directly to the resident by ComEd. For electric-service steps, residents can use ComEd’s start, stop, or move service guidance.

What should renters ask before submitting proof of insurance?

Our leasing team recommends asking your insurer whether the policy documentation can show the $300,000 liability-to-landlord coverage requested by Exhibit. If the insurer uses different terms, bring that wording to us before assuming it meets the requirement.

It is also useful to ask our team what documentation to provide and when it is needed in your leasing process. That keeps the insurance conversation focused on the actual Exhibit requirement instead of general advice that may apply differently at another building.

How can renters confirm Exhibit’s current requirement?

Exhibit On Superior is located at 165 W Superior St in River North. Our on-site leasing team is available Monday–Friday from 9:00 AM–6:00 PM and Saturday from 10:00 AM–5:00 PM; the office is closed Sunday.

Use our contact page to request confirmation of the current renters insurance requirement, discuss documentation questions, or review other leasing details. We recommend obtaining that confirmation directly from the office if your insurer’s wording does not clearly match the $300,000 liability-to-landlord coverage requirement.