Renters insurance: You hope you’ll never need to use it, but you’ll be happy that you have it if you do.

Your landlord’s homeowners insurance will cover structural damage to your rental, but it won’t extend to your personal belongings or liability. The right renters insurance coverage will protect your personal property — and your bank account — from a covered event.

We at the MarketWatch Guides team have combed through data about eRenterPlan, which is the renters insurance product sold by LeasingDesk. We assessed the policy based on LeasingDesk’s financial position and the policy’s cost, coverage options, restrictions, add-ons and availability to provide an unbiased insurance review.

ERenterPlan is only available for rental units that partner with LeasingDesk. If your property doesn’t offer eRenterPlan, you won’t be able to sign up for coverage.

For those who do have access to eRenterPlan, signing up is convenient. Online, you can purchase coverage to start as soon as the same day. Also, because it works with partner properties, eRenterPlan can send your policy documents straight to your property management company.

However, all that convenience comes at a cost. The eRenterPlan policy is often considerably more expensive than comparable coverage from competitors such as Allstate, State Farm or Lemonade, which prevents us from recommending it as one of the best renters insurance companies.