Renter insurance

When you are covered by renters insurance as a tenant, you can be assured that you will be compensated for any theft or damage from insured disasters, in part or in full. It is important to note that your landlord’s insurance policies do not cover the personal property you brought into your rented home, nor do the policies give you any kind of liability protection. You might think you don’t have enough personal belongings in your temporary home to worry about should a fire or burglary occur. And you may not care too much about the state of your landlords’ home since you will be moving out after a year. Yet, you might have your smartphone at home, a new laptop, a designer handbag, or your whole wardrobe of clothes. Your savings could take a big hit from replacing your entire wardrobe alone.

Don’t forget about potential liability too, as you are liable for the safety of every guest that visits your temporary home. Renters insurance protects you from losses when someone who is injured in your home sues you.