Why Would An Apartment Complex Require Renters Insurance? 
It is both for you and their safety net . Said you have a friend stop by your apartment , slip and fall on your door steps . If you have renter 's insurance ; which have a liability section , your renters will be able to cover it if they decide to sue . Now bear in mind they will probably sue both you and your landlord , but having that you with renter 's means their insurance comes last if even needed . This is also why the landlord will always ask to have them added on to your policy as additional insured . So your renter 's policy covers them too for your liabilities . The other side of the coin is your personal property is covered under renters . So said your apartment has a fire or burglarize , your renter 's insurance will paid for the losses . A renter 's policy is very cheap compared to the coverage it offers . In my state , a basic policy runs $ 80 to $ 110 a year . It is less if you were to package it with your autos . 