Asked by Name
Why would someone want to have renters insurance if their building owner has insurance?
a.The building owner's insurance only covers liability. Renters insurance will cover damage to the exterior and structure of the building.
b.The building owner's insurance only covers the building structure. Renters insurance covers your personal property.
c.There is no need to get renters insurance if the building owner already has an insurance policy
d.By law, you must have two types of insurance: landlord insurance and renters insurance
All Answers 1
Answered by
GPT-5 mini
AI
Correct answer: b.
The landlord's policy covers the building structure and the landlord's liability, but it doesn't cover your personal belongings or your personal liability. Renters insurance protects your personal property, provides liability coverage for you, and can cover additional living expenses if the unit becomes uninhabitable.
The landlord's policy covers the building structure and the landlord's liability, but it doesn't cover your personal belongings or your personal liability. Renters insurance protects your personal property, provides liability coverage for you, and can cover additional living expenses if the unit becomes uninhabitable.
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