Renter's insurance is a common coverage purchased by people who rent a house or apartment. The primary protection in a typical renter's policy is for damage to personal items you keep in the home. You also commonly get some liability coverage in a standard policy. This component pays benefits when you are liable for injury or property damage to a guest or third party on the property. Policies don't cover injuries to you as the insured, however.

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If you get injured in the rented home, you may have recourse against the property owner or landlord if negligence or non-disclosure of dangers contributed to the injury. The liability component in the plan is intended to help you protect against the risks that someone you invite into your home is injured during the visit. If a visitor slips and falls and is injured, then your policy will likely provide some coverage.