As a renter, you should consider buying renters insurance, especially if you own expensive possessions. This way, you can protect the value of your belongings and also be covered if you cause damage or injury to a neighbor or visitor at your rental complex.
What is renters insurance?
Renters insurance is divided into three coverage types: personal property, liability, and loss of use.
Personal property covers your possessions if they are lost, stolen, or damaged due to a covered peril.
Liability covers legal costs if someone accuses you of causing harm or damage.
Loss of use covers storage […]