There are many things you should consider when you live in an apartment in the US. Safety, monthly rents, and room sizes are examples. However, there is one more thing you should not forget. That is renters insurance.

When you make a lease contract of an apartment, your room itself and its equipments are usually covered by the owner’s insurance. However, such insurance doesn’t cover the tenant’s goods. Thus, you need to contract with an insurance company by yourself to protect your personal property by renters insurance in case of an accident such as fire.

It is often the case that renters insurance also includes liability protection. America is a litigious society as it is often said, but liability protection of renters insurance protects you when you get involved in a litigation related to your apartment.

One more advice when you sign up for renters insurance is to include a clause to cover personal property replacement cost in an agreement. With this clause, you are paid the cost to replace damaged goods. In contrast, renters insurance covers only the present value of your property without the clause.