A landlord's insurance generally covers the building, not your belongings or your liability. Renters insurance fills those gaps and is often inexpensive.
What it typically covers
- Personal property damaged or stolen, subject to limits.
- Personal liability if someone is injured in your home or you damage others' property.
- Additional living expenses if you cannot live in your home after a covered loss.
- Medical payments for guests.
What it often does not cover
- Floods and earthquakes, which need separate policies.
- Damage from neglect.
- High-value items beyond limits unless scheduled.
- Business equipment.
Choosing coverage
- Make a home inventory with photos.
- Decide between replacement cost and actual cash value coverage.
- Choose liability limits that protect your assets.
- Compare deductibles and premiums.
- Check whether your lease requires coverage.
Making a claim
Report losses promptly, document damage, file a police report for theft and keep receipts. Ask about the claim timeline and deadlines.
Frequently asked questions
Does my roommate's policy cover me?
Usually not unless you are named.
Is it required?
Landlords can require it by lease.