Why Does My Landlord Require Renters Insurance? 
Renter 's Insurance does n't just insure your personal property . It comes with Liability Insurance as well . This is what the landlord is interested in . I will give you an example . Let 's say you had a candle burning and it caught the building on fire . If the building burns down , the landlord will collect from his insurance company . That insurance company then has a right to come after you since you caused the fire . Knowing that most people who live in apartments do n't have sizable net worth 's they assume they wo n't be able to get you to pay them for the damage to the building and for loss to other tenants in the building . So , the landlord 's insurance company probably gives him a discount for requiring tenants to have Renter 's Insurance . Your Renter 's Insurance will pay for certain types of damage that are caused accidentally by you , such as fire and explosion under your liability coverage . This is a great way to protect your assets and Renter 's Insurance is very Inexpensive . If I can help shoot me an email at dbeukel1@amfam.com . 