What is Renters Insurance?
Renting a house or apartment is a popular living situation for many Massachusetts residents. Students, couples, and families all call their rented living space “home.” However, nationwide, the majority of renters do not have proper insurance for their belongings. Renters insurance provides important protections for your personal possessions and liability.
A common misconception among renters is that since they do not own the space, they do not have assets to protect and therefore do not need insurance. But if your apartment is broken into or damaged by fire, you could be left with nothing and no protections. Renters insurance provides financial compensation for your lost or damaged possessions in covered events. Most policies also include liability protections in case there is an injury or damages caused by your actions.