You can lose your furniture and all your property and have no way to replace such items when they are damaged. A good renters package can provide protection for these risks. The odds of something happening to my apartment from my neighbors probably is slim to none, but who knows? You and I may have extremely irresponsible neighbors. At FindRentals.net we provide you with articles and information to help you on your way to finding apartment, vacation, condo, and timeshare rentals. The author is an insurance agent and owner of the Lamb Insurance Agency, Auto, Home, Life, and Business Insurance for Texas - visit my other site at The author is an insurance agent and owner of the Lamb Insurance Agency, Auto, Home, Life, and Business Insurance for Texas - visit my other site at The fact is, though, that you're not - a landlord's property insurance covers damage to the structure of the property itself, but it does not cover your personal possessions or liability. 5) You may have better peace of mind with you property insured. Fire and smoke Windstorm, hail, and lightning Ice, snow, and sleet Explosions and volcanic eruptions Aircraft and ground vehicles Riots and other civil disturbances Vandalism and other malicious destruction Falling objects Water damage caused by home utilities, and damage caused by electrical surges. Your renter's insurance also covers you for liability, meaning that if someone is injured while on your property, you are covered for the cost up to your liability limit (which is determined by your specific policy terms). Many renters are under the mistaken impression that if there were a fire or theft in their residence their landlord would be responsible for reimbursing them for their damaged or stolen possessions. She also told me that only two people suffering a loss had renters insurance. In the Houston area $10,000 of renters insurance typically costs $12 to $16 per month. For example taking pictures or a video of your property, saving receipts for expensive items, and possibly making an inventory of your property. As a Houston insurance agent I have found that many renters do not have renters insurance. If you're a retired senior you may be eligible for a 10% discount on your renters insurance. If you live in Texas I would be happy to give you additional information and or a quote. Be a wise consumer and really pay attention to what you are purchasing. You will also want to update the list once a year to add any new purchases you may have made and keeping your receipts is a good idea. With insurance, you may have to deal with some losses, but you will be able to successfully recover from such losses in a little time. We give our auto insurance customers a auto/renters discount that is usually $10 to $20 per month. Guaranteed replacement cost coverage is a good idea for items that depreciate quickly, such as electronic and computer equipment. 4) It is quick and easy to get a renters policy. What does it cover? Renters insurance covers a number of incidents and will protect you in the event of the sudden loss of your valuables. Note that flood and earthquake damage is not on the coverage list - a standard renter's insurance policy does not cover these types of damage, because these phenomena tend to be restricted to certain parts of the country. You will also want to update the list once a year to add any new purchases you may have made and keeping your receipts is a good idea. Many companies will give a discount for getting both a renters and auto policy that could make the cost free!. If the property you are renting becomes uninhabitable due to these types of damage, your renter's insurance will cover your displacement costs. Make sure you get enough coverage and that your agent explains the details to your satisfaction. If you are renting a residence there are many reasons to get a renters insurance policy. This means you are covered for that person's medical expenses, legal costs if they should decide to sue, and any damages they might be awarded. You can get more renters insurance tips by checking out their "Articles" section.