Why Buy Renters Insurance?
If you're a renter, you may not think you need insurance at all. (Your landlord already has insurance on the building, right?) But you may not realize that your landlord's policy doesn't cover any of your personal property. What would happen if:

• Your apartment building burned down?

• A thief broke into your town house?

• A guest slipped and injured himself in your kitchen?

• The home you're renting suffered water damage?

Without renters insurance, you've got no coverage for personal property loss or damage.

Renters Insurance Protects Your Belongings
Too often, people think they don't have enough property to make a renters insurance policy worthwhile. But take a minute to think about what you own, and what you've got to lose, including:

• Clothing

• Furniture

• A television or entertainment system

• A computer

• An iPod

• Musical or sporting equipment

• Jewelry

When Does Renters Insurance Apply to You?
Your renters policy will state exactly what you're insured against.The named perils in your renters policy may include:

• Fire or Lightning

• Windstorm

• Smoke

• Vandalism or Malicious Mischief

• Theft

• Accidental Discharge of Water

Your coverage will also include liability protection, which covers injury to another person on your property. If necessary, your policy can even pay for your legal defense in these circumstances.

Additionally, your policy will include medical payments coverage that pays for medical expenses of people who don't live with you, but who are injured on your property.