Renters and Condo Insurance
Renters Insurance, sometimes called a Tenants Policy, covers your personal property, such as clothing, furniture and electronics in case of perils like fire, theft or wind damage from a hurricane. It may also provide liability coverage and medical coverage.
Even though you don't own the building, it's still your stuff, and you might be surprised with how it adds up. Your landlord or condo association might have insurance, but it only covers their property.
My local area has had two major apartment fires in the past few months. In both cases, a fire started at one end of the building and destroyed everything...if it didn't burn, it was soaked with water. Residents lost everything, including their place to live.
Prices are moderate and just like any other type of homeowners insurance, premium costs depend on many factors like where you live, your deductible, your insurance company, and whether you need any additional coverage.