Renters or tenants insurance is not mandatory, though many landlords and building rentals will require that you carry it. A renter’s policy will cover personal property owned by you anywhere in the world as well as personal liability. All coverage is subject to policy terms, conditions and deductibles. Protection is limited to the perils listed in the policy.
Premiums are based on the contents limit you require, the type of package you wish to purchase, the location of your dwelling, available fire protection and your previous insurance history.