A few years ago I rented a 2 story house to a group of individuals. Soon after they moved and settled in there was a plumbing accident in the upstairs bathroom and the downstairs bedroom got flooded. The roommate’s belongings were destroyed. There wasn’t much on the floor. But he did have one item – an expensive ($7,000) musical instrument – totally destroyed. The owner fixed the leak right away and made the necessary repairs and told the tenant to contact his renters insurance to replace or pay for the instrument. Uh oh… renters insurance? He didn’t have it. You can imagine he was pretty upset.

You see, the landlord is not responsible for damage to personal belongings. The landlord is responsible for making the necessary repairs in a timely fashion. But the renter is responsible for replacing any damaged personal property. For this reason, the insurance companies come to the rescue offering Renter’s Insurance. It’s not that expensive, it’s easy to get and you need it.

A landlord can have every possible insurance available for owners but none of his insurance policies will cover your personal belongings. It is your responsibility and I’m posting to remind you about it!

Renters insurance will cover losses to your personal property from the following perils:

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