If you are living on rental property, you might think you no longer need home insurance. You no longer need to insure the structure, since the building / property owner is responsible for that, but you should insure your personal properties. You should also get liability insurance and additional living expenses coverage.

If you own a rental home that has been damaged and is covered, you may claim a reimbursement for the rent you would have collected had the property not been destroyed.

For more information on rental property insurance, visit: Renters Coverage

(Image source: www.coverage.ie)