Often Tenants fail to purchase renter’s insurance because they believe they are covered under the building’s insurance policy. This is not the case. If you, the tenant, do not have insurance and there is a loss such as fire, the insurance for the building will not cover your possessions or liability should you have an incident on premise.
Many Landlords require tenants to purchase renters insurance prior to leasing their property. We highly recommend purchasing this low cost protection of personal liability and property protection. Let us provide you with a list of high quality firms that will provide this policy to you or contact your auto insurance company for their policies on rental insurance.