In the event of a disaster, you might think that your landlord’s property insurance would cover damage to your belongings.
However, you’d be wrong. Your landlord’s insurance only covers the building’s structures and common equipment, as well as their liability for injuries sustained on common property. Renters insurance, on the other hand, is needed for your personal belongings.
After signing a lease, many landlords will ask you to provide proof of renters insurance within a certain time frame.
Your insurance agent will be able to assist you in determining the amount of coverage you require and any optional riders.
When covered damage occurs, you can file a claim with a renters policy.
The damage or loss will be covered by your insurance, less any deductible that may be required.
