Auto

Commercial

Renters

RV

Motorcycle

July 21, 2025
Agency

Do You Need Renters Insurance If Your Landlord Has Insurance?

If you’re renting a home or apartment, you might assume your landlord’s insurance policy covers your belongings in the event of a fire, theft or natural disaster. However, this is a common misconception. While your landlord likely has insurance, it typically only covers the building, not your personal property or liability. That’s where renters insurance comes in.

What Does Landlord Insurance Cover?

Landlord insurance can typically cover the following:

  • Structural damage to the building (e.g., walls, roof and plumbing)
  • Liability for injuries that occur in common areas
  • Loss of rental income due to covered damages

However, it does not include protection for your personal items, coverage for temporary housing if the unit becomes unlivable or liability for incidents that occur within your rented space.

What Does Renters Insurance Cover?

Renters insurance is a separate policy that can help financially protect tenants. It typically includes the following:

  • Personal property coverage
  • Liability coverage
  • Loss of use coverage

These protections can be crucial, especially in emergencies like fires, floods or break-ins.

Why You Still Need Renters Insurance

Even if your landlord has insurance, it won’t help you replace your laptop, cover hotel costs during repairs or protect you from a lawsuit if your dog bites a guest. Renters insurance can help fill these gaps, often at a low monthly cost.

Learn More

Before signing a lease, check with your landlord about their policy, and seriously consider getting your own renters insurance for financial protection. Coverage may even be required for some leases. For renters insurance near you, contact Vela Auto Insurance.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.

Categories: Blog, Renters Insurance

Leave a Reply

Your email address will not be published. Required fields are marked *