Many renters don’t think they need insurance since the landlord already has homeowners insurance. However, the landlord’s policy only covers the landlord’s property (building and any personal property), not your personal property.
Your personal property could be lost, damaged, or destroyed due to causes such as theft, fire, or water damage. If you have no renters insurance, your property would be uninsured and you would simply be out of luck.
Think of how costly and how big a hassle it would be to have to replace your clothing, music equipment, computer, furniture, entertainment equipment, and other personal property.
Renters insurance is very affordable (i.e. $10-$15 a month) and can bring peace of mind. Shop around to get the best rate and most appropriate coverage for you.
Quote Guardian is one place where you can quickly obtain free quotes from a number of different top insurance companies.