If you're renting a home or apartment renters insurance might be a good idea to help keep you and your belongings covered. Many people think that if they’re renting, their landlord will have them covered, but that is not likely to be the case. Landlord’s insurance never covers insured’s personal belongings or any liability claim made personally against the renter. If you’re currently renting a home or apartment, it’s a good idea to talk with your insurance agent about renters insurance. Why?
Renter’s Insurance typically covers a renter for personal belongings, liability, loss of use of the housing, and medical payments to others. A renter’s insurance policy could provide coverage for things like furniture, clothing, appliances, and personal belongings, in the event of a fire or another covered loss. The loss of use of housing usually provides coverage for the insured's increased cost of living if their apartment is uninhabitable. This would help to pay rent for a hotel room or bills that may come with having to eat out if they were no longer able to use their kitchen. Renters insurance could also provide a renter with the personal liability coverage needed if someone were to sue them, and not just for something that happens inside the apartment. Medical payments would offer you coverage in a situation like a visiting friend getting hurt at your apartment.
If you are currently renting a home or apartment and do not have renters insurance, talk with your agent. Chances are such that the landlord’s insurance isn’t giving you the coverage you need in case of an accident.