A common misconception among renters is that their landlord’s insurance protects their personal property. In reality, it only covers the building and not what’s inside a resident’s unit.
When disaster strikes, renters without insurance may be left with nothing. From furniture and electronics to clothing and valuables, these losses can be devastating. That’s why renters insurance is essential to a strong housing safety net.
This guide breaks down the basics of renters insurance, offering practical insights for both housing providers and residents.
What you'll learn
- What renters insurance covers (and what it doesn’t)
- How it protects personal property, provides liability coverage, and pays for temporary housing
- Tips for selecting the right policy—including coverage limits, deductibles, and add-ons
- Why water backup coverage and pet liability may be especially important
- How to create a home inventory to simplify the claims process
Why this matters
Without renters insurance, residents may be left unprotected after a fire, flood, or break-in, and housing providers may face difficult questions about responsibility. Having coverage in place not only shields individuals from financial loss but also helps avoid confusion and conflict during emergencies.
Renters insurance is often inexpensive and easy to obtain. By educating residents and encouraging coverage, housing organizations can help strengthen community resilience and recovery.
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This article is for general information only. HAI Group® makes no representation or warranty about the accuracy or applicability of this information for any particular use or circumstance. Your use of this information is at your own discretion and risk. HAI Group® and any author or contributor identified herein assume no responsibility for your use of this information. You should consult with your attorney or subject matter advisor before adopting any risk management strategy or policy.
HAI Group® is a marketing name used to refer to insurers, a producer, and related service providers affiliated through a common mission, management, and governance. Property-casualty insurance and related services are written or provided by Housing Authority Property Insurance, A Mutual Company; Housing Enterprise Insurance Company, Inc.; Housing Specialty Insurance Company, Inc.; Housing Investment Group, Inc.; and Housing Insurance Services (DBA Housing Insurance Agency Services in NY and MI).