Final answer:
Renter's insurance covers property and liability, but may not cover liability for friends or neighbors who are injured in your apartment.
Step-by-step explanation:
Renter's insurance typically covers two main aspects: personal property and liability.
Personal property coverage protects your belongings from damage or loss due to covered events such as fire or theft.
The liability coverage, on the other hand, provides financial protection if someone is injured while on your property and you are found legally responsible.
However, it's important to note that the liability coverage typically extends to accidents involving guests or visitors who are not members of your household.
Therefore, if a friend or neighbor is injured while at your apartment, your renter's insurance may not cover the liability, as they are not considered guests or visitors.
In this scenario, the injured person may need to file a claim against their own insurance policy or pursue legal action against you to seek compensation.