If you’re a renter, you may not think you need insurance at all. (Your landlord already has insurance on the building, right?) But you may not realize that your landlord’s policy doesn’t cover any of your personal property. What would happen to your belongings if:
Your apartment building burned down?
A thief broke into your town house?
A guest slipped and injured himself in your kitchen?
The home you’re renting suffered water damage?
Without renters insurance, you’ve got no coverage for personal property loss or damage. Fortunately, you can get affordable renters insurance (also called insurance for apartment renters) to protect you in situations like these. Look up how much renters insurance costs.