Question

When it’s time to move out, your landlord inspects the property and claims you have damaged the apartment. She is keeping your security deposit. Will the renters insurance cover this loss?

Answer 1

Renters insurance may cover the loss of a security deposit, depending on the policy's coverage for damage to the landlord's property.

Step-by-step explanation:

When it’s time to move out and your landlord claims you have damaged the apartment, your renters insurance may or may not cover the loss of your security deposit. Renters insurance typically covers damage to your personal belongings and liability for injuries or damages to others' property, but it may not cover damage to the rental property itself.

However, some renters insurance policies offer additional coverage for damage to the landlord's property, known as landlord's property coverage or property damage coverage. If your policy includes this coverage, it may help reimburse you for the amount your landlord is keeping from your security deposit.