Renters and property insurance shields your belongings — like furniture, electronics and clothing — from losses caused by fire, theft, smoke, storms or vandalism. It also includes liability protection if someone is injured in your rental or if you accidentally cause damage to another person’s property. When a covered event makes your apartment unlivable, the policy can help pay for temporary housing or hotel stays. Since a landlord’s policy only covers the building itself, renters insurance offers an affordable way to protect your valuables and maintain peace of mind.