As a renter, your personal belongings are not insured by your landlord’s homeowners insurance. In fact, unless you buy your own insurance for an apartment, duplex, condominium or house that you rent, you won’t have any coverage for your possessions. You could also have liability for a guest’s injury or for accidental property damage in your rental, leaving you vulnerable to financial loss. Renters insurance protects you by covering certain unexpected events, making it one of the most valuable types of insurance for renters.
This guide explains in detail what renters insurance is and what it covers. Find out when you need it, the cost of coverage, what to consider when shopping for a renters insurance policy and why having coverage is important. This information will help you determine which renters insurance company is best for your needs.