Renters Insurance: Why Your Landlord's Policy Isn't Enough

Your landlord carries insurance on the building itself — the structure, the roof, the shared systems. That policy has nothing to do with your belongings or your personal liability.

If a pipe bursts and ruins your furniture, or someone is injured in your apartment, your landlord's policy typically won't cover it. That's what renters insurance is for.

A renters policy covers your personal property, provides liability protection, and can cover temporary housing costs if your unit becomes unlivable after a covered loss.

It's also one of the least expensive policies available relative to the protection it provides, which is why it's worth having even for a first apartment with modest belongings.