Why you need renters insurance? To protect what you own. Your landlord’s insurance policy isn’t enough. It most likely ONLY covers the building you live in, but not your personal belongings.
- To protect yourself: If someone gets hurt in your apartment, guess who might be held responsible. Yes, you! Renter’s insurance offers liability coverage to protect you.
- To ensure you have somewhere to live: If the home you reside in gets damaged and you can’t live there, you could have to pay for temporary housing. A renter’s policy can help pay for temporary housing in the event of a covered claim.