If you rent a house, townhome, condominium or apartment, chances are your landlord will have landlord’s insurance. And while landlord’s insurance covers damages done to the physical structure of your home, it will not cover damages on your personal belongings. At an affordable cost, renter’s insurance covers your personal items, provides liability protection, and covers temporary living expenses if your home becomes unlivable due to covered damages.

Just like a standard homeowners insurance policy, renter’s insurance provides liability coverage in case anyone gets injured by you, a household member, whether or not it occurs inside your home. Costs related to medical treatment, repair, meals, temporary lodging, or legal fees are typical expenses that are reimbursed through renter’s insurance.