What kind of insurance should a tenant obtain to protect their belongings?

Renters insurance is specifically designed for tenants who need to protect their personal belongings within a rental property. This type of insurance covers personal property against risks such as theft, fire, and water damage, ensuring that if something happens to their belongings, they can receive compensation to replace them.

In addition to covering personal items, renters insurance often provides liability coverage, which protects tenants in case someone is injured in their rented home. This level of protection is tailored for individuals who do not own the physical structure of the property themselves, making it an ideal choice for those renting an apartment or house.

The other types of insurance mentioned are not suitable for tenants. Homeowner’s insurance is aimed at individuals who own their property, providing coverage for both the home and the belongings inside. Building insurance typically protects the physical structure itself and is often purchased by landlords. Landlord’s insurance covers property owners against damage to the building and may include liability coverage related to the rental property, but it does not provide coverage for a tenant's personal belongings.