Is renters insurance worth it? What it covers and what it costs
Published May 23, 2026
Renters insurance is one of the most affordable policies you can buy, yet many renters skip it because they assume the landlord's coverage protects them. It does not.
Your landlord insures the building, not your belongings or your liability. Renters insurance covers three things: your personal property against named perils, your liability if you injure someone or damage their property, and additional living expenses if your unit becomes unlivable.
Set your contents limit based on what it would cost to replace your things, and be honest — underinsuring saves a few dollars a month and costs thousands after a loss.
Frequently asked questions
＋ Does my landlord's insurance cover my stuff?
No. The landlord's policy covers the building. Your belongings and liability need your own renters policy.
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Educational content only — not legal, financial, or insurance advice. Requirements and pricing vary by state.