Your landlord insurance doesn’t cover your tenants’ stuff. Renters need to buy their own tenant (or renters) policy to cover their clothes, furniture and everything else they own in case something happens.
Although renters insurance isn’t required by law, it’s highly recommended. Why? Well, because it has benefits for both you as a landlord and your tenants. It provides peace of mind for tenants by repairing or replacing their things if they’re lost or damaged in a fire, flood or another covered event. If something happens to your rental property and your tenants can’t live in it, their renters policy will pay for a place for them to stay until they can move back in or find another place to live. And, it protects your rental property too, as renters liability will help cover costs if a tenant damages your property.