While you may not own the house or apartment where you live, it is important that your possessions are protected by adequate insurance coverage. The property owner’s insurance policy does not cover your possessions, only the building in which you live.
Renter’s Insurance provides personal property coverage against such perils as fire, explosions, vandalism and theft. It also provides liability coverage for financial protection against claims or suits brought for accidental bodily injury or damage to property of others for which you are legally liable. Your renter’s insurance may also provide replacement cost coverage, providing reimbursement for the full cost to repair or replace your property.