RENTERS INSURANCE IS ESSENTIAL

Renters insurance is essential for protecting tenants from unexpected financial losses. While landlords typically have insurance to cover the structure of the building, their policy does not protect a tenant's personal belongings or liability. Here are the key reasons renters insurance is important:

• Renters insurance covers personal property against risks like theft, fire, water damage, or natural disasters (depending on the policy).
• This coverage extends beyond the home—for example, if belongings are stolen from a car or while traveling.

• Provides protection if the renter accidentally damages someone else’s property or if someone is injured in their rental unit.
• It can cover legal fees and medical expenses if the renter is found liable.

Covers costs like hotel stays or meals if the rental unit becomes uninhabitable due to a covered event, such as a fire.

Renters insurance is generally affordable, with average premiums ranging from $15–$30 per month, depending on coverage and location.

Many landlords require renters insurance as part of the lease agreement to protect both parties in case of an incident.