You may wonder why you need to have tenant insurance. A typical landlord's insurance policy only covers the structure of the building. But tenants expect their landlord to replace their belongings. That's where renters insurance comes into play. In case of an emergency, you can pay your renters' insurance premium to cover their costs while they're displaced. Tenant insurance protects both landlords and renters from the costs of displaced tenants and reduces the stress of both parties. Tenant insurance covers the personal property of the tenants and doesn't cover the building itself. While a landlord's policy covers the building itself, tenant insurance protects tenants against the possibility of loss or damage to their possessions. The cost of a standard policy is about $187 per year co
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