Helping 20 Million Americans a Year for 20 Years. FREE!
Find the Right Lawyer for Your Legal Issue!

FREE Insurance Comparison

Compare quotes from the top insurance companies and save!

Call us today for a free consultation (855) 466-5776

If I do not own property, but only rent a house or apartment, do I still have a need for insurance?

UPDATED: February 24, 2015

Advertiser Disclosure

It’s all about you. We want to help you make the right legal decisions.

We strive to help you make confident law decisions. Finding trusted and reliable legal advice should be easy. This doesn't influence our content. Our opinions are our own.

Even if you do not own the building where you live, it is likely you have valuable personal items which would be expensive to replace if they are stolen or damaged by fire or some other cause. Also, you still have potential legal liability to someone who is injured on property you occupy, even if you are not the property owner. A "Renters Policy" is essentially like a Homeowners Policy but without coverage for the buildings or structures. Because of this, Renters Policies usually cost far less than Homeowners Policies.

There usually are no legal or contractual requirements to have a Renters Policy, although it is possible that, by the terms of some leases, tenants may be required to have insurance to cover their liability exposure if someone is injured on the rented premises. Leases should be read very carefully to determine what insurance, if any, a tenant is required to have.

FREE Insurance Comparison

Compare quotes from the top insurance companies and save!

Call us today for a free consultation (855) 466-5776