Q: If there's a disaster and everything is ruined in my apartment, doesn't my landlord's insurance cover me? A: Not usually. Your landlord's insurance policy doesn't include your possessions; it only extends to the landlord's property. Your personal contents as a tenant are your responsibility to insure, which can be accomplished by having renter's insurance, known as a HO4 policy. Similar to a homeowner's policy, some leases even require tenants to obtain a renter's insurance policy. Required or not, insurance industry statistics indicate about 70 percent of renters polled don't have renter's insurance. What does a tenant get out renters insurance? According to the Insurance Information Institute, "Renter's insurance provides financial protection against the loss or destruction of yo...
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