Why is renter’s insurance important?
Renter's insurance is important to cover your personal property. Additionally, it's imperative if you do not own a home to obtain the liability portion to provide coverage from various unforeseen expenses. For example, if you are renting an apartment and accidentally set that unit on fire, which then causes units around you to burn, your liability insurance is designed to kick in and pay. Many landlords and large complexes will require you to carry this insurance.