Renters Insurance
Just wanted to warn people about something I never even knew could happen.
Please make sure you have your own renters insurance policy and don’t just rely on the insurance your apartment complex offers to “meet lease requirements.”
A friend of mine recently lost basically everything after a fire at his apartment complex that was caused by another tenant. When tenants started filing claims, they were told the policy paid out the building damage first, and only whatever was left would go toward people’s personal belongings. Since the fire damage was so extensive, there was apparently nothing left over for tenants’ property claims.
Obviously people should read policies carefully, but my friend was an 18-year-old college student signing his first apartment lease and didn’t realize how important the details were. He started a gofundme for him and his roommates be that will barely replace a thing so far.
Just wanted to post this so other people don’t end up in the same situation. Please look over your coverage carefully and consider getting your own renters insurance policy separate from the landlord’s.