what is renters insurance 
renters insurance refers to property insurance that protects tenants who live in a rented dwelling coverage is provided by insurance companies in exchange for premiums paid by people living in apartments single family homes and condominiums policies provide coverage for an insured party s personal property as well as liability claims that are not due to a structural problem with the property these kinds of policies also cover living expenses that need to be paid out when someone makes an insurance claim after their unit is damaged although renters insurance isn t a legal requirement some landlords prefer their tenants to have some type of coverage 