You need to buy Renters insurance. Now what?

Do I need renters insurance?
Renters insurance isn’t legally required, though certain apartment complexes and landlords may require it. As a result, only 37% of renters carry a renters policy, according to III.org. But regardless of whether it’s required, it’s always a good idea to get renters insurance to cover your stuff.

If you were robbed or lost all your clothes, furniture, and everything else in a fire, your landlord is not responsible for your belongings. Renters insurance covers what you’ve spent a lifetime accruing.

What is renters insurance and how does it work?
Renters insurance protects your belongings in case of damage caused by fire, theft, etc., and covers you if someone is injured at your residence or sues you for negligence. It’s a common choice for people who rent apartments, condos, townhouses, and really any other type of rental property. Renters insurance doesn’t cover the actual structure you live in — that’s your landlord’s responsibility.

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