Renters Insurance

If you live in a rented condo or apartment and you have personal property in that rental unit, the answer is “yes”. The owner of your rented apartment is responsible for insuring the building itself but bears no responsibility for protecting your belongings or personal property inside that building. Renters insurance gives you that protection and peace of mind.

Renters insurance provides many of the same benefits as homeowners’ insurance. It protects the tenant’s personal property and belongings against named perils such as fire, theft, and vandalism. Most renters insurance policies also include liability insurance. It does not include coverage for the building or structure itself, with the exception of minor alterations made to the building by the tenant.