Apartment Insurance

Thank you. It was not required but was 'suggested' by the rental agency.

Actually, this is a question, not an answer: what would that insurance cover? Your own belongings and to what limit? That would be like renter's insurance and I would turn it down. If it covers the apartment's contents, like there was a fire, etc. wouldn't that be covered by the owner's home owner's insurance? I wonder if your agent has the answer to these questions or perhaps someone on this forum?

Thank you Steve. That information is exactly what I was told as well. The question still remains for me - which is, Is it really necessary? I was quoted aa fee of 3.5% of the rental cost for the insurance. While not expensive I hate to throw money away on something that is most likely not needed.

It was required when I rented an apartment. It was also pretty cheap as I recall.