While the structure you live in and pay rent on is covered by your landlord’s property insurance, renters insurance covers the contents of your apartment as well as your personal liability. In the event of theft or fire, for example, your renters insurance would help you replace your clothing, furniture, electronics, appliances, and more. In the event that the building or neighboring apartments are damaged by your actions or negligence, rental insurance offers liability protection. For example, if an unattended candle sparked a building-wide blaze, or you accidentally left the water in the tub running and it ended up in your downstairs neighbor’s living room, then you’d be protected financially.
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