SHOULD YOU GET RENTERS INSURANCE IF YOU ARE RENTING A HOUSE OR APARTMENT?
The short answer is yes. Renters insurance is inexpensive and provides significant benefits. The obvious benefit is if there is a fire or flooding in your rented apartment of house and your personal belongings (furniture, electronics, clothing) are damaged or destroyed. In many situations, if you don’t have rental insurance, you will not be able to recover compensation for your damaged or destroyed possessions. You should definitely not rely on the landlord’s insurance to cover you.
Another important benefit of renters insurance is that it will usually provide you with broad liability insurance. For example, if you own a dog and your dog bites or injures someone, your renters insurance will cover the medical bills and other compensation for the person who was bitten or injured. In addition, there are other situations where your renters insurance will cover your liability – for example if your child injures another child at school, your renters insurance will cover you if you are sued. There are many accident injury situations where renters insurance will protect you and, again, it is usually very inexpensive. So, yes, you should get renters insurance if possible.