Understanding Insurance Basics

Property and Casualty (General) Insurance

Tenant (renter's) insurance

If you live in an apartment or rent your home from someone else, you should still look carefully at how tenant insurance could protect you.

Tenant insurance can pay for:

• damage to or loss of your possessions if you rent or lease your apartment or home from someone else
  
  
• personal property stolen from your vehicle
  
  
• accidental damage you cause to any part of the apartment building or home you are renting
  
  
• injury caused to visitors.

For example, if the bathtub overflows and floods your apartment, tenant insurance can pay for the damage caused to your apartment, the apartment building and other tenants or their property.