If you're renting an apartment or house, you'll need insurance to protect your things. Your landlord's property insurance coverage will cover losses to the building, whether an apartment, a home, or a duplex. However, your personal property and certain liabilities are covered only through a renter's insurance policy that you must find and pay for as a tenant. According to statistics, renters have far less insurance than homeowners. According to a SafeHome study for 2024, 95% of homeowners have homeowner's insurance, but just 55% of renters have renter's insurance. It Covers Losses to Personal Property A renter's insurance covers damages to your personal belongings, such as clothing, jewelry, baggage, computers, furniture, and gadgets. Even if you don't own much, it may
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