This might entail additional cost, but it offers protection for your personal property whether you may be renting from a homeowner, property manager or University Dorm. The building itself is insured by the owner against damages such as fire, vandalism and natural disasters but these policies do not cover your (renter’s) personal belongings. Your own renters insurance also protects you from harm that may be caused by other tenants. Some property renters require this as a prerequisite to renting their property which is normally included in your contract. Renters insurance comes in the standard form and with additional coverage options which also carry additional costs so measure up your needs and financial status to get the best of the two worlds.
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13