Renters Insurance Why Get Renters Insurance If you are renting an apartment or home, your landlord’s property insurance policy does not cover your furniture or other personal property, nor does it protect you if you are sued. You will need to purchase a tenant’s policy to insure your personal property. A renters or tenants policy contains most of the coverages a standard homeowners policy offers. Since a tenant does not own their residence, dwelling coverage is excluded from the policy. While you are a tenant, you still have many of the same liability exposures as a homeowner. If your dog bites a guest, the liability coverage included in your renters policy would be able to assist you with the expenses that would arise from such an incident. Landlord's Policy The owner of the dwelling you rent is responsible for insuring the structure and obtaining liability coverage to cover the owner’s acts of negligence. Multiple Tenants The property of a roommate or a domestic partner may not be included on your renters policy. Check with your insurance company to see if multiple tenants may be covered under one policy or if you will each need your own policy.