Why You Should Have Renters Insurance

You come home one day and discover that your apartment has been gutted by a fire. All of your possessions are destroyed. Your landlord’s homeowners insurance policy will cover your loss, right? Wrong. Many renters, believing they are covered by their landlord’s policy, fail to purchase their own insurance and only discover the truth once it is too late. Unless the damage is the result of the landlord’s negligence (such as your place being burglarized after the landlord ignored your repeated request to fix a broken window), landlords’ insurance policies typically only cover the physical structure of the building, not tenants’ personal property. To protect yourself, you need renters insurance.

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• Category: Insurance
• Tags: renters insurance