Renters’ insurance policies are necessary for individuals who are renting an apartment, home, or a college dorm room. Policies typically cover renters when it comes to theft, natural disasters, water damage, and more. Items include valuables such as electronics, jewelry, watches, antiques, and fine art.
Often, apartment complexes will require renters to obtain their own renters’ insurance. Even if yours does not, it is a good idea to consider protecting yourself and your belongings. That is because a landlord’s policy does not typically include damage done to your property inside your rental.
Renters’ insurance is more affordable than you think; you could even bundle it with some of your other insurance policies, like auto insurance. In addition to covering your belongings, you can extend your policy to cover the medical costs of your guests in the event of an accident that occurs within your rental unit, along with personal liability protection.