Question : Why do apartment complex owners compel their residents to take out renter’s insurance?
My complex recently began requiring this. I was told that in case I damaged the building or caused a fire, the owners would go after the liability insurance I am now required to have. I would imagine the owners already carry insurance, so this seems like an attempt to shuffle more of their cost of doing business onto the renters. What gives?
apartment owners insurance

Best answer:

Answer by Landlord
Our insurance does not cover YOUR negligence, only ours. It also does not cover person injury inside the apartment or any of your personal property.

For instance, if someone was to break into your apartment and steal everything you had our insurance would ONLY cover the damage to the door or window they broke in from.

Also, if you caught the kitchen on fire while cooking our insurance would cover NOTHING at all.