Do You Really Need Renters Insurance if Your Landlord Has Coverage?

If you’re renting a home or apartment in California, you might wonder if you really need renters insurance, especially if your landlord already has their own insurance policy. At Leon Insurance and Tax Services, we often hear this question from our clients. Understanding the difference between landlord insurance and renters insurance is key to making an informed decision about your coverage.

What Does Landlord Insurance Cover?

Landlord insurance typically covers:

• The building’s structure (walls, roof, floors, etc.)
• Certain fixtures and appliances owned by the landlord
• Common areas (e.g., fitness centers and lobbies)
• Liability for injuries that occur in common areas or property damage for which the landlord is at fault

Landlord insurance does not cover your belongings or personal liability. If your possessions are damaged by fire, theft or another covered event, you will be required to pay to replace them.

What Does Renters Insurance Cover?

Renters insurance is specifically designed for tenants. It can provide the following:

• Personal property coverage may provide coverage for your belongings, such as furniture, electronics and clothing, against risks like fire, theft or vandalism.
• Liability coverage may apply if you accidentally cause damage to the property or if someone is injured in an accident you cause.
• Additional living expenses coverage may help with temporary housing costs if your rental becomes uninhabitable due to a covered loss.

Without renters insurance, you may pay out of pocket for damaged belongings or legal costs if you’re liable for an accident.

Do You Need Renters Insurance If Your Landlord Has Coverage?

Typically, yes, as renters insurance may cover gaps that landlord insurance does not, you should strongly consider purchasing a policy. Leon Insurance and Tax Services recommends California renters consider a policy to cover their belongings and manage unexpected expenses. In some cases, landlords may mandate coverage as part of your lease agreement.

Get Covered Today

Contact Leon Insurance and Tax Services now to discuss your coverage options and get a free custom quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.