Does Renters Insurance Cover Water Damage? 
Generally speaking , the coverage provided by a Tenants ' Policy is vey similar to that provided by a Homeowners ' Policy . The main difference is that with regard to property coverage , a Renters ' Policy protects YOUR belongings while a Homeowners ' protectes both the home and personal property . Remember that someone else owns your building or unit so they would have coverage for their interests . Water camage is a covered peril in both , though there can certainly be some differences . In a Renters Policy , if rain comes in through an open window , the damage caused to your couch , for example would be covered by your policy . If on the other hand , you made a mistakle and left the water running in the tub and it overflowed , not only would your policy provide coverage for your damages , but the liability portion would provide coverage for your landlord 's interest . 