Although you may not own the home or apartment in which you live, having insurance for yourself and your possessions is still important. In the event of a disaster, your landlord's insurance will only cover building structure and not your personal property. Coverage provided by rental insurance includes: personal property, including furniture, clothing, appliances, computers; liability of someone is hurt in your residence, and; damage to your property caused by an event such as fire, smoke, theft, adverse weather, water and Plumbing mishaps, and the like. Rental insurance may be obtained through most major insurance companies.