Will My Landlord’s Insurance Cover My Personal Belongings?

Will My Landlord’s Insurance Cover My Personal Belongings?

Question: Will My Landlord’s Insurance Cover My Personal Belongings?

Answer: Generally, your landlord’s insurance policy will not pay for loss or damage to your personal property, except in very limited circumstances.   It would be wise to consult a professional insurance agent about the purchase of renters insurance to protect your personal property, give you some personal liability insurance, and potentially  provide you with some temporary living expenses in the event that your unit is rendered uninhabitable by an insured loss.

The extent of any recovery you may be able to obtain from your Landlord may depend upon your lease agreement, your landlord’s insurance policy, and your landlord’s ability to pay.   Generally, your landlord will only be responsible for damage to your personal property resulting directly from the landlord’s negligence.   Even if your landlord is found liable for damage to your property, the landlord’s liability under the law is typically only for the actual cash value of the damaged property, which can be substantially less than replacement cost.   Your lease agreement may limit the liability of your landlord to only loss or damage resulting from the landlord’s gross negligence, which can be difficult (and expensive) to prove.

Having the liability insurance that a renters policy provides can protect you against large liability losses.   For example, what if you accidentally left the bathtub water running when you left the house, causing significant damage to the personal property of the tenants below you.  

When you are a tenant, even if you do not own a lot of personal property, it is wise to consider the purchase of renters insurance.  Talk to your professional insurance agent about this coverage.   Often times, the coverage is available for less than $20 per month.

Other Enhanced Insurance articles related to Renter’s Insurance:

Uninsured Young Renters: Nationwide Survey

Average Cost of Renter’s Insurance

What Does Renter’s Insurance Cover

Renter’s Insurance

Home Insurance vs. Renter’s Insurance

Enhanced Insurance is not written by attorneys. If you’re looking for legal advice, you need to contact a lawyer. Further, insurance practices and forms change constantly and are varied from state to state. For definitive answers in your area, contact a local agent.

While the majority of people want an agent involved in their purchase of insurance, many people want to see if they can save money by buying direct from the insurance company. Others want to try a direct quote to make sure the premium they’re now paying through their local agent is fair. If you want a quote for your coverage, click on the competitive quote button on the right side of this page.

Jim Ketterson is an insurance expert with more than 25 years of experience in the industry. He has served as a President of an insurance company, an insurance underwriter, and has held various roles in insurance company product management. He has his Chartered Property Casualty Underwriter designation and a MBA in Finance. The information he offers in his posts is general in nature and may not be appropriate, accurate, or applicable in all situations. Before making any important insurance decisions, you should seek the advice of a qualified insurance agent and discuss the particulars of your individual situation. Follow Jim on Twitter @MNinsurancePro

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