Your Renters Insurance Guide
April 7, 2021
If you rent a house or apartment and experience a fire or other disaster, your landlord’s insurance will only cover the costs of repairing the building. To financially protect yourself you will need to buy renters or tenants insurance.
Like homeowners insurance, renters insurance includes three key types of financial protection:
- Coverage for personal possessions (YOUR property, like furniture and computers)
- Liability protection
- Additional living expenses (ALE)
The big difference is that renters insurance doesn’t cover the building or structure of the apartment—that’s typically the landlord’s responsibility. Consider the following when looking to choose the right renter’s insurance coverage: