Some landlords or rental contracts may require proof of insurance before you can sign the lease, while others don’t. So, who needs renters insurance and is it mandatory? Even if you’re not required to have tenant insurance, it’s the best way to make sure your stuff is protected. Take a walk through your apartment, think of how much it would cost to replace all your stuff – it adds up, right? With tenant insurance you’re covered for pretty much everything you own and more.
So, how does tenant insurance protect you? It covers your personal belongings if they’re lost or damaged in a covered event – like a fire, or a windstorm. It also covers your personal liability in the event that you’re held responsible if someone’s accidentally injured at your place – like if a guest trips on loose carpet and breaks their arm – or if you cause damage to someone else’s property.
Have more questions about tenant insurance? Get in touch with us via email or chat – we’re here to help.