When you rent a property, your landlord is only responsible for the structure itself. When a natural disaster or other incidents damage the structure, they — or their insurance — are responsible for covering the cost.
They have to fix the plumbing when there’s a leak or replace certain appliances when they break, but they are not responsible for any of your property. For example, if your belongings are stolen or a fire starts resulting in the loss of your family heirlooms, your landlord does not have to cover the cost.
That’s where personal rental property protection — or renters insurance — comes in handy. Renters insurance will cover the cost of damage or loss caused by several incidents, including theft, natural disasters, and vandalism.