Loss or damage of renters' personal property is not typically covered by insurance the landlord holds, regardless of the cause of the loss or damage. Renters insurance provides you with coverage against loss or damage of your possessions due to fire or smoke, lightning, vandalism, theft, explosion, windstorm and water damage (not including floods but is optional) in a rented house or apartment.
Like homeowners insurance, renters insurance also includes coverage for people injured at your home or elsewhere by you, a family member, or your pet, and it pays legal defense costs if you are taken to court. Renters insurance also covers your additional living expenses if you are unable to live in your apartment because of a fire or other covered peril. Most policies reimburse the difference between your additional living expenses and your normal living expenses, with set limits on the amount they will pay.
Because renters insurance usually covers only the value of your belongings, not the building, the premium is relatively inexpensive.