Why do I need renters insurance?
While landlords insure the apartment building against damage, their insurance policy does not cover your belongings. Purchasing renters insurance would protect your possessions if they are stolen or destroyed in a fire. Remember when you live in an apartment complex with many other tenants, you share the risk of damage–for example, if one unit were to catch fire.
Renters insurance can also protect against liability lawsuits or medical bills of guests injured in your apartment.
Some landlords require you to purchase renters insurance.
If so, this would be stipulated in your lease or lease riders.
Categories: Renter's Insurance
