Even if you don’t own the condo unit or house you’re residing in, it’s imperative to secure a tenant’s insurance policy. In most instances, landlords will require that a policy is in place before finalizing the lease agreement. This insurance provides important coverage for liability and your personal belongings. As a tenant, you bear responsibility for any damage that may occur during your occupancy, so it is important to ensure you have adequate coverage in case of any claims. Generally, tenants’ insurance policies come with reasonable premiums, making it a worthwhile investment for your peace of mind.