Renters Insurance is actually very affordable and great to have if you are renting a property from a landlord. Whether it’s a single family home, condo or an apartment, you need to have renters insurance. Your landlord’s property insurance policy will not cover your possessions in the event of a loss.  Renter’s insurance policies protect the value of your personal belongings if they get damaged or destroyed.  It also covers you for liability if you damage the landlords building, or if someone gets hurt in your rental unit..

Basic renters insurance will cover:

• Fire
• Lightning
• Windstorm
• Explosion
• Hail/Sleet
• Theft
• Vandalism
• Water
• Bodily Injury Liability
• Loss of Use – it would be nice to have money to go live somewhere else if your unit got damaged and you could not live there anymore.

For a few hundred dollars a year you could have a renters policy with all this coverage.