A homeowner’s insurance policy provides financial protection against losses caused by personal property theft, structural damage, and liability in the event of an injury on the property.
A tenant’s possessions are safeguarded and liability coverage is provided by renters insurance.
In other words, the renter must purchase their own insurance because neither the landlord’s nor the homeowner’s policies cover.
Losses caused by fire, theft, or bodily harm in the rental unit.
How Much Does Renters Insurance Cost?
Depending on the number of items you own and the size of the rental unit, renters insurance can cost anywhere from $15 to $30 per month.
What Does Renters Insurance Not Cover?
Regularly, leaseholders protection doesn’t cover harm brought about by floods, tremors, and avalanches.
