Why Do I Need Renters Insurance

April 30, 2025

One common misconception about home insurance is that it’s just for homeowners. While Tennessee is still one of the more affordable states to live in according to U.S. News, many choose to rent for a variety of reasons – but renters still need to protect their belongings as much as anyone else. That’s where renters insurance comes in handy.

So, what is renters insurance, and why do you need it? In this article, we will explore:

• The difference between renters insurance and your landlord’s insurance

• What renters insurance covers

• When to purchase renters insurance

• Where to find renters insurance

Renters Insurance Explained

Renters insurance can go by a few different names, including apartment insurance, content insurance, and tenant’s insurance – but they are all referring to the same thing. This type of policy is designed to help protect you from certain risks if you are renting or leasing a house or apartment.

You may be wondering, “Doesn’t my landlord have a home insurance policy?” Yes, your landlord is likely required to have some form of home insurance or commercial insurance, but that coverage is typically only for the structure of the building – the part your landlord actually owns. Your landlord’s policy will not extend to your belongings in the event of an accident.

Why Do I Need Renters Insurance?

Renters insurance exists to help protect your belongings – all the stuff you’ve brought with you into your rented space. Without it, your possessions may not be covered if you were to experience a fire, water damage, theft, vandalism, or other covered losses.

A good renters insurance policy, like the ones from Farm Bureau Insurance of Tennessee, can help provide coverage for:

• Electronics, furniture, and even clothing

• Additional living expenses if a covered loss makes your home uninhabitable

• Liability to others in the event that you’re found legally liable for bodily injury or property damage that occurred in your rented space

When Should I Consider Renters Insurance?

You should consider having a renters insurance policy if you are:

• Renting an apartment or home

• Leasing a home

• A college student living off-campus

While renters insurance isn’t legally required in Tennessee, many landlords do require it. But the truth is that renters insurance premiums typically aren’t very expensive, and they can go a long way to provide peace of mind that the things that you own are protected should something happen.

A local Farm Bureau Insurance of Tennessee agent is your go-to resource to explain the ins and outs of renters insurance and make sure you have the policy and coverage you need. Connect with one today.