This insurance is designed for people living in rented properties. While the property owner typically insures the structure, tenants need to protect their personal belongings and cover liability in case of accidents within the home.
What does it cover?
- Personal belongings such as furniture, clothing, electronics, and other goods in case of theft, fires, or other disasters.
- Liability coverage if a guest is injured in the rented property.
- Additional living expenses if you need to live elsewhere temporarily due to a covered incident.
Why is it important?
Although you are not the property owner, your personal belongings and the possibility of being held responsible for damages to third parties or the rented property justify the need for specialized tenant insurance.
