MANAGEMENT

Detailed explanation-1: -Personal property coverage on your renters insurance policy may cover your belongings if they’re damaged or stolen, up to specified coverage limits minus your deductible. Renters insurance also typically covers items stolen from vehicles, storage units, or while traveling.

Detailed explanation-2: -A renters insurance is a type of home insurance policy that covers any loss or damages to the home contents of people living in rented accommodation.

Detailed explanation-3: -Your liability coverage on your renters policy will help pay that price. One thing to note is that theft from a roommate-whether they’re on the policy or not-is not covered by a renters policy. That includes other intentional damage as well-so make sure you choose your apartment buddy wisely!

Detailed explanation-4: -In many cases, the insurance a landlord carries covers only the building. Personal property loss or damage, caused by theft, vandalism or fire are typically not covered by the landlord’s policy. Without renters insurance, the tenant may have to bear the financial burden of a loss to their personal property.