Your landlord’s policy covers the building and grounds, but will not reimburse you for the cost of your personal items in the event of a loss; or cover the cost of injuries or damage that happen inside your apartment space.

Renters insurance is not mandatory in Florida. In some cases however, landlords will require their tenants to buy renters insurance. Make sure you check your renter agreement prior to signing it. You are most likely to be required to carry renters insurance if you live in an apartment building or other type of multi-unit rental. Many people who rent feel that renters insurance is in unnecessary expense. While you may not have a lot of expensive belongings, if you take the time to write down an inventory and an estimated value of everything you own, you may be surprised.

Your renters insurance will typically cover the cost of temporary housing if your home should be uninhabitable for a period of time following a disaster. It is important not to assume that your landlord will cover this cost for you, as that will depend on the cause of the loss in the landlords specific coverage.

Your policy will provide liability insurance should you be held responsible for an injury to a visitor in your home; this coverage can be beneficial as medical bills can add up quickly.

Contact a licensed agent at Agency-54 for more information, or to compare policies to find out what is best for you.