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A renters can provide
protection for personal property against such perils as
fire, theft, and vandalism. You could be held responsible
for injury to another person or for damage to another
person's property if an incident occurred within your rented
residence, or elsewhere. Renters insurance can help protect
you in case of a liability lawsuit against you.
A landlord's insurance generally only covers the building
where you live – not your personal belongings and your
liability. Your landlord's policy most likely excludes
liability for something that occurs in your rented
residence. You could be held responsible for injury to
another person or damage to another person's property if an
incident occurred within your rented residence, or
elsewhere. Without liability coverage, your current and
future earnings could be at risk. Renters insurance may also
provide legal defense costs.
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