Insurance for Condo Renters

P.M. from Fairfield County writes:

Dear Mister Condo,

If I am renting my condo, what type of insurance do I need since the master policy seems to cover most things?

Mister Condo replies:

P.M., that’s a great question! Insurance needs vary by individuals but, for the most part, renters here in Connecticut need to purchase apartment and homeowner’s insurance, more commonly known as HO-6. You’ll want to work with an insurance professional to determine the right amount but you want to insure everything on the inside of your unit that could get damaged or stolen in the event of a catastrophe or theft. The premiums shouldn’t be that heavy and you’ll enjoy peace of mind knowing that your valuables are well-insured. Thanks for the question!