Although the landlord of your apartment has insurance, you’ll still need to be covered separately. Your landlords’ insurance will only cover the building, but not your belongings or your liability. Many leases require the tenant to carry insurance.
While you may or may not need a lot of coverage for your personal possessions, you do want the added security of personal liability insurance to protect yourself in case someone is injured it will also cover you in the event you accidentally damage another tenants unit.
Renters insurance will cover expenses for loss, damage, even theft and help with funds for an alternate place to stay if your rented apartment is unlivable due to fire, storm or other covered peril.
We always recommend people purchase tenant insurance. It can also help you save on auto insurance.