Title: Tenant’s Insurance 101 | TD Insurance
Headings: What is Tenant's Insurance?
What is Tenant's Insurance?
What Does Tenant's Insurance Cover?
Do All Tenants Need Tenant's Insurance?
If My Landlord Has Home Insurance, Will That Protect Me?
Will Tenant's Insurance Cover Personal Liability?
Home Insurance Offered by TD

Content: Although it's not mandatory to have tenant's insurance if you're a renter, it could help you cover expenses that come up accidentally or unexpectedly from a covered loss. You may not realize how costly it may be to repair or replace your damaged items and how relatively inexpensive it could be to have tenant's insurance. If My Landlord Has Home Insurance, Will That Protect Me? Your landlord may have homeowner's insurance to protect the physical building structure like pipes, their appliances, and any upgrades they may have made to the unit. But their insurance will not cover your personal belongings if anything happens to them, if you cause unintentional damage to the building, or if someone is injured in your home – that's up to you to protect! Will Tenant's Insurance Cover Personal Liability? If someone slips and falls in your apartment, breaks his/her leg and now cannot work for a period of time, tenant's insurance could protect you financially from this personal liability. Keep in mind that coverage depends on whether you are seen as the liable party, or if the landlord is seen as liable. If you have to pay for damages from a cooking fire that damaged your apartment and adjoining apartments in your building, tenant's insurance could protect you in this case, too. A typical tenant’s insurance policy provides coverage, up to a limit, for the amount that you would have to pay in the event you are found liable for damages to others (liability coverage).