Why you need it
Your landlord has coverage, so you don’t need tenant insurance…right?
Not quite. In short – your landlord’s coverage doesn’t protect your stuff. So, if there’s a fire or extensive damage to your building, your landlord’s insurance would likely cover the walls around you and any major appliances that came with your unit, but everything else is on you. This is why you need tenants’ insurance.
Sometimes referred to as renter’s insurance, it doesn’t just cover the items inside your rented space — it can protect you in ways you never even knew you needed.