Apartment renters may think they do not need a renter’s insurance policy; after all they may think they have relatively few possessions. However, this is only part of the coverage. So, what does renters insurance cover? There are two basic types of coverage: 1. The first type is coverage of your personal possessions in your home against vandalism, theft or an insured damage, such as fire. 2. The second type is liability coverage, which protects you from the expenses associated with an accidental injury to a non-resident in your home.Remember to ask your insurance agent about the precise coverages in any policy you may possibly consider so you know exactly what you are buying. What The Landlord’s Insurance Covers A lot of renters incorrectly believe a landlord’s building insurance will cover any small or large disaster or theft that takes place in their apartment building. Well, this is not true. The landlord’s insurance is designed to protect the landlord against damage to the public areas of the building and for general liability coverage for these same areas. Your furniture and personal possessions are not covered under a landlord’s insurance policy, or damage you might do to the landlords building. Your possessions and the well-being of your apartment are your responsibility. By renting, you also assume responsible for liability within your rented home. That is why renters insurance is important; you need to protect your possessions and protect your liability inside …