Why Do I Have To Have Renters Insurance? 
Your Landlord may require you to carry a tenants -LRB- renters -RRB- policy . They would do this for two reasons . They want you to understand fully that they are not liable for any loss to your personal property located in their rental unit . They also want you to understand that you are responsible for any lawsuits arising from your occupancy of their unit . The premium for a tenants policy is modest and should be considered regardless of whether it is required . 