Q. If I’m renting, why do I need insurance?
You may not own the space, but you own the stuff! And your stuff should be protected. Tenant insurance provides coverage for three things:
- Your personal property (things you own, like furniture, electronics, and clothes)
- Additional living expenses (if you have to live somewhere else while your unit is being repaired under a claim)
- Liability coverage (to protect you in case a person is injured or their property is damaged while they’re in your space)