While you may not own the house or apartment you live in, you probably own a good chunk of the stuff in it. Contrary to popular belief, your landlord’s insurance policy will not cover your belongings if something happens – you need a tenant insurance policy to protect your stuff.
Tenant insurance policies also cover a number of other expenses, such as relocation costs and extra living expenses during repairs. If a guest is injured at your place, your tenant policy will kick in to help cover any medical or rehabilitation costs. It can even help cover injuries you may accidentally cause while away from home or travelling.