Your landlord is covered, but do renters need insurance? Apartment fire? Break-in? These are not events we like to think about, but they do happen. Although the owner of the rental property is likely required to have their own insurance, their policy does not extend to your belongings in the event they are damaged or stolen. In some cases, a landlord may require tenants to carry Renters Insurance.

Whether or not your landlord requires it, you should consider getting a renter’s insurance policy. If a disaster happened and you didn’t have coverage, you could have thousands of dollars of repairs or replacements.