Your landlord's insurance covers the building, not your belongings or your liability. Renters insurance fills that gap, often for a modest monthly cost.
What it usually covers
- Personal property: your belongings, from furniture to electronics, for covered events like fire or theft
- Liability: if someone is hurt in your home or you accidentally damage someone else's property
- Additional living expenses: a place to stay if your home becomes unlivable after a covered event
Good to know
Some landlords require it. Coverage often follows your belongings outside the home too, like a laptop stolen from a car, subject to limits.
Coverage depends on your policy and state. Savings Nestle isn't paid by any insurer, agent or broker.