A landlord is, in most cases, not responsible for damage or theft of a tenant’s personal property. Renters insurance is an insurance policy, carried by you, the tenant, that covers your property, loss of use, liability, medical payments, and even third-party damage. It is important for you to insure yourself against accidents and unforeseen circumstances relating to your rental home. 

for rent sign outside a building with renters insurance

Most renters insurance policies protect your personal property from the following types of damage:

  • Fire, lightning
  • Windstorms, hail
  • Explosions
  • Damage by aircraft or vehicle (not your own)
  • Smoke damage
  • Vandalism
  • Theft
  • Weight of snow, ice, sleet
  • Damage from steam-heating/water-heating appliances/systems
  • Leakage or overflow of water or steam
  • Freezing of plumbing, heating, air conditioning
  • Short-circuit damage caused by electrical appliances

If your rental property were damaged by a natural disaster, such as a flood, storm, or fire, you will probably need to move out while repairs are being made. Renters insurance would pay for a hotel. In the case of accident, such as leaving the stove on and causing a fire, the insurance company would pay for the damages, assuming the damage is caused by a covered incident.

Liability insurance also covers injuries sustained in the property that may be your fault, such as someone falling because of clutter on the floor or a resident dog biting someone. Liability coverage will also cover the medical costs associated with the injury of a guest – although it won’t cover medical costs of the tenant or any household members.

If you accidentally cause damages to another property or dwelling, such as:

  • Overflowing a sink/bathtub/waterbed and causing water damage to the unit below,
  • Driving a car or lawnmower into a fence,
  • Outdoor grill accidents/propane tank explosions, or
  • Stray baseball through a window,

The easiest way to obtain renters insurance is the following:

  • Check with your auto insurance company – they can likely bundle it for you
  • Use any other major insurance carrier
  • Use a recommended and trusted insurance agent whom you already have business with

To view our available rental properties, check out our Cincinnati Rentals page.