- by C.C.
Even if you don’t own your own home, you still need insurance to cover you where you live.
Renters insurance policies, like homeowners policies, provide liability protection and personal property protection. With renters insurance, you won’t be stuck with out-of-pocket legal expenses and settlement costs if someone gets hurt in your space. And with property damage coverage, you have the funds to repair or replace any possessions lost or destroyed due to theft or damage from a natural disaster.
Don’t assume your landlord’s insurance will cover you – it won’t if someone gets hurt in your apartment or if your personal possessions are damaged. Get renters insurance so you don’t end up having to pay out-of-pocket to replace everything you own or compensate a visitor who trips and falls or is bitten by your pet.