What Is Rental Insurance? Generally speaking, rental insurance is a type of insurance policy that covers damage or loss of property for people who rent an apartment. Many people are surprised to learn that if an apartment building is destroyed by a fire, flood, etc., or is broken into, the landlord'sinsurance will cover only damage to the building and the landlord's liability to others. Therefore, unless the damage or loss of property is caused by the landlord, the landlord is not liable for that loss or damage. What Does Rental Insurance Cover? Renter�s insurance provides coverage for what a landlord�s insurance does not, including: Personal Property Coverage : A renter�s insurance policy offers you coverage for the theft, loss or destruction of your personal belongings in the event of a fire, flood or other covered disasters. This can help you replace the items you use on a day-to-day basis, from your clothing to your appliances to your furn...
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