Do You Need Home Insurance When Renting? 
What you 're going to want is called a Renter 's policy . It is written on a homeowner 's policy platform , but gives no coverage for the physical property of the home . This type of policy provides coverage for your personal belongings as well as personal liability coverage for yourself . The hidden gem in a Renter 's policy is Loss of Use coverage . Loss of use provides coverage for your additional living expenses if you are not able to stay in your current rental due to a covered loss , such as fire or smoke damage , or hurricanes and tornadoes . The policy pays additional rental expense , transportation expense , and often times eating expenses due to the imposition of being without your original rental . 