If you rent your home or apartment, you may assume your landlord’s insurance will cover you in the event of damage or loss. Unfortunately, that’s not the case. Landlords typically insure the building—not your belongings or your liability. That’s where renters insurance comes in.
What Is Renters Insurance?
Renters insurance is a type of policy that protects you and your personal property when you’re living in a rented space. It usually includes:
- Personal property coverage – Pays to replace your belongings (furniture, electronics, clothing, etc.) if they’re damaged or stolen.
- Liability coverage – Helps cover legal expenses if someone is injured in your home or you accidentally damage someone else’s property.
- Loss of use – Covers extra living expenses if your rental becomes uninhabitable due to a covered event like a fire or major water damage.
Why It Matters
- Protect Your Stuff Imagine coming home to find your apartment flooded or burglarized. Without renters insurance, you’d have to replace everything out of pocket. Renters insurance can help you recover quickly—often for just a few dollars a month.
- You’re Liable for More Than You Think Accidents happen. If a guest trips over a rug and breaks an arm, or if your overflowing sink damages the apartment below, you could be held responsible. Liability coverage helps protect your finances and your peace of mind.
- Your Landlord’s Insurance Isn’t Enough Your landlord's policy only covers the building itself. It doesn’t extend to your personal belongings or any liability you may face. Without renters insurance, you're on your own.
- Affordable and Easy to Get Renters insurance is one of the most affordable types of insurance out there. Policies can cost as little as $10–$20 per month, depending on your coverage limits, deductible, and location. Many companies even offer bundle discounts if you already have auto or other policies.
- Peace of Mind Life is unpredictable. Renters insurance offers protection and reassurance that, no matter what comes your way, you're not facing it alone.
Final Thoughts
If you’re renting and don’t yet have renters insurance, now is the time to consider it. It’s a small investment for significant protection—and one of the smartest moves you can make to safeguard your home and your future. Need assistance finding the right coverage? Reach out to Landsman Insurance Services today to discuss options.