* Make sure landlord knows apartment is being subleased and get his/her okay in writing. * Find out if your are supposed to pay landlord directly, or if you pay old tenant. * Find out whom is responsible for maintenance. * Ask if there is a security deposit. * Get landlord to perform an inspection on property before moving in so that you don't get blamed for property damages you didn't make * Set up your own accounts for power, gas, water, telephone and cable TV services so you don't get stuck with any of old tenant's bills.

Subleasing is perfect for college students trying to get away for summer. Typically, old tenants will leave furniture and appliances behind for you to use. So say goodbye to those bunk beds and community bathrooms, and find an apartment for summer.

* Damage to personal property from fire or wind * Theft * Personal liability in event you are sued over accidental injury to others who are in your apartment * Accidental damage to property of others in your care * Living expenses if you are forced to live elsewhere while your apartment is being repaired

This list doesn't begin to elaborate on multitude of other possibilities for disaster: An electrical surge fries your computer, television, and/or stereo; while visiting your neighbor, you tip over his barbecue and start a fire; or you accidentally cause injury to someone away from your apartment; and list goes on and on. And of course, as we've all discovered, we can never discount such crazy-sounding possibilities -- because they can and do happen if and only if we're not prepared (or covered) for them.

Note that renters' insurance policies may differ according to insurance company in question, as well as laws in your state. An insurance representative will be able to determine what type of policy best meets your needs. If you've thrown away all of those brochures dangling from your door handle, Internet is a good place to do your homework -- specifically apartment-search sites. Links to renters' insurance information will fill you in on details, and you may apply online.