For the most part, you rely on your landlord to run the property and trust that they’re properly insured. However, did you know that renters insurance is just as crucial? Some renters dismiss the idea of purchasing insurance because they don’t own property, and when they do seek coverage, it’s usually at the most basic level. However, according to the professional team at David R Johnson Insurance in Beech Grove, IN, renters not only need basic coverage, but liability insurance as well.

What Is Renters Liability Insurance?

Renters liability insurance covers expenses related to property or personal damage that occurs while you live in the rented property. For example, say you’re renting a home and accidentally cause the dishwasher to flood. This then seeps through the floor and causes the floor to cave in.

With renters liability insurance, you would not be financially responsible for this. Similarly, if you have a guest over, and they injure themselves on the property and want to sue you, renters liability insurance would help with the expenses.

Who Needs Renters Liability Insurance?

If you are renting a property, regardless of the length of time you plan on staying there, it’s worthwhile to acquire renters liability insurance. Even if your landlord has insurance, this does not legally protect you as a tenant if something occurs to your personal property or another person while you’re living there.