When renting a home or apartment, insurance coverage is an absolute must. While the landlord is responsible for getting coverage for the structure itself, you should still get insurance to protect yourself financially. Here’s a closer look at why every renter should obtain this coverage.


Renters insurance is primarily used to cover any personal property losses that occur as the result of a covered incident. Renters insurance covers a wide range of perils, including fire, wind, smoke, and water damage, as well as vandalism and theft. Your policy will reimburse you after such incidents so you can replace your lost possessions.

2. Liability Coverage

Accidents happen. If your dog bites a guest, or you start a kitchen fire that causes extensive damage to the apartment, you don’t want to be left footing the bill. Renters insurance provides financial coverage for these situations and can protect you if someone tries to sue for damages.


Sometimes, fires or other incidents can be so severe that you can no longer stay in your rented property. Fortunately, renters insurance helps you here, as well, through additional living expenses coverage. While coverage can vary, this will often cover hotel bills, restaurant meals, and other expenses incurred from being displaced.

No matter where you’re planning to rent, obtaining renters insurance is the smart choice. Protect yourself financially so you can have peace of mind, no matter what.