While you’re not legally required to have renters insurance, many landlords and property management companies will ask that you hold an active policy. Although your landlord will have an insurance policy on the building itself, it doesn’t cover your personal belongings. Renters have the same risk of experiencing theft, fire, vandalism, and water damage as a homeowner does. Even if your current landlord doesn’t require you to have renters insurance, your policy is portable and can be applied to any rental you move to in the future. Safeguarding your furniture, electronics, clothing, and more in the event of a covered loss is just a smart idea.
