Just because you rent a home or apartment does not mean you do not have valuable possessions. You might be surprised at how much it could cost to replace your things. Do you have a laptop, TV, camera, bike, furniture, appliances, jewelry, etc.? Your possessions could easily add up to thousands of dollars. Your landlord probably has insurance to protect the building; however, his policy will not protect you or your possessions. Renters insurance is an affordable way to reduce the financial burden of replacing your possessions or protecting you from property related liability claims.
Most renters insurance covers your possessions from theft, fire, and water damage no matter where the possessions are.