"If a resident's actions cause a fire or other damage to their apartment, the owner's insurance company generally will initially cover it, but then will go after the resident for reimbursement. If the resident has renter's insurance, it will cover the damage. If not, the company tries to get reimbursement from the resident personally. "
""It's extremely important because, first and foremost, property owners don't cover tenants' personal property," said Kyle Samuel, assistant vice president with Aon Risk Services Inc. of Colorado."
Story
Exactly, plus if you damage the apartment, and your deposit doesn't cover it they will go after you for the remaining money. One of the best things you can do is get renters insurance, so many people don't have it and think that the landlord is on hook in case of a fire or flood, but they aren't if your stuff is destroyed.
