Does my landlord’s insurance cover me? (AKA What is renter’s insurance?)🏢

TL;DR
Nope – your landlord’s insurance doesn’t cover your belongings. You need renter’s insurance.

If you call an apartment “home sweet home”, you might make the assumption that your landlord has all the insurance you need. They’ve got to have a big, fat insurance policy for the apartment building, right? And doesn’t that big, fat insurance policy cover you?

Well, not exactly.

Does my landlord’s insurance cover me?

The landlord’s insurance policy protects their building. So, if there’s a fire, sure. They should be covered and they can rebuild it.

But what about all your belongings in your apartment? Your fancy TV, your furniture, your clothes, your treasures? Nope. Your landlord’s insurance does not cover your own personal belongings.

That’s why you really ought to consider renter’s insurance.

What is renter’s insurance?

Renter’s insurance provides coverage for your personal belongings. Chances are you’ve gathered up a lot of stuff over the years, and stuff is expensive. Having a renter’s insurance policy will help you replace your treasures if something happens to them.

For example, what if there was that fire? Or what if there was a burglary and someone stole your stuff? If your apartment is burgled and you go to your landlord expecting them to file an insurance claim for your stolen stuff, you’d be out of luck…unless you have your own renter’s insurance policy. It can help you replace what you lost because of the fire or burglary.

(Another cool thing: it also provides some liability coverage in case you get sued over bodily injury or property damage.)

How much does renter’s insurance cost?

It’s usually not expensive. Really. We’re not yanking your chain. We mean it. Since you’re only insuring your belongings and not a dwelling, building, or structure (like a house), the coverage is generally cheap.

But if you still don’t want to take our word for it, get started with some quotes. Fill out our online form, hop on LiveChat, or give us a call.

Leave a Comment