Why Do Apartments Require Renters Insurance Discover Why Now
Personal Property Protection
One of the primary reasons apartments require renters insurance is to ensure tenants have coverage for their personal belongings. In the event of theft, fire, or other disasters, renters insurance can help replace or repair your possessions. Considering that the average renter owns thousands of dollars' worth of personal property, this coverage is invaluable1. Many policies also cover items stolen from your car or lost while traveling, providing broader protection than you might expect.