Apartment Communities

Renter’s Insurance 101

If you’re apartment hunting or getting ready to sign a lease, you have probably discovered that landlords require you to carry renter’s insurance and it’s usually non-negotiable. Renter’s insurance covers the contents of your apartment in the event of fire, water damage, vandalism, theft, etc., along with personal liability and medical expenses if someone is injured while in your apartment. Renter’s insurance does not cover the actual building or other parts of the property — that is the responsibility of the property management company. Just keep in mind that the insurance coverage for the overall property does not cover the personal contents of your apartment or storage unit (if you have one.) It’s also important to understand that if you have roommates, each occupant of your apartment needs a separate renters insurance policy.

Specifics of coverage will vary depending on your insurance company, your zip code, your deductible, and other factors. Renters insurance is a lot less expensive than homeowners’ insurance and you can usually get a good deal if you bundle your renter’s insurance with your auto insurance policy. There may be some restrictions or higher costs if you live in specific areas. For example, if your apartment is located in a flood plain or area that is prone to earthquakes, these incidents might be exempt from coverage or you may have to pay a lot more.

Keep in mind that filing a claim and getting reimbursed can take some time. That’s why it’s important that you keep an inventory of your belongings. Take photos or make a video on your phone to document what you own and make sure to keep your receipts or other documentation of what you paid for your belongings. That will make it much easier to prove what you lost when filing a claim.

While renters insurance may seem like a hassle or something that “you’ll never need,” don’t fool yourself. Anything can happen. As well, it will make it much easier for you to rent an apartment, and you’ll have peace of mind knowing that you’re covered if the unexpected occurs.


At Vision Communities, we are committed to providing apartment communities that you’ll be proud of. If you are looking for a new adventure, be sure to put a VC community on your list to tour. We have floor plans for you to view virtually or in person. Our spacious, studio, 1 bedroom2 bedroom, and 3 bedroom apartment layouts provide cozy space. Check out our luxurious apartment floorplans in one of our communities and enjoy life at the VC. 

Schedule a tour today and see why Vision Communities is a great place to live.