2007-07-10 05:02:37 · 2 answers · asked by We like to known the answers 1 in Business & Finance ➔ Renting & Real Estate
There is no law stating that you must carry contents insurance for your possessions. However, if a fire or similar occurs in your unit, the landlord's insurance will only cover repair of the premises, with NO coverage for anything you lost in the fire.
It is also possible that a fire occurring due to your personal negligence or carelessness will come back to haunt you. the landord's insurer will cover his cost and may well sue YOU to recover the value of the loss.
Proper renter's insurance covers these scenarios. I strongly recommend it, especially since it is rather inexpensive.
2007-07-10 08:38:45 · answer #1 · answered by acermill 7 · 0⤊ 0⤋
When renting you dont legally need any content insurance. At least not in my state. Its not a bad idea though.
2007-07-10 05:09:43 · answer #2 · answered by Anonymous · 0⤊ 0⤋