How Renters Insurance Works was written by Mila Araujo and last updated on December 20, 2021.

Samantha Silberstein reviewed it in this article. VIEW ALL
What is covered by renters insurance?

Compared to the cost of replacement, do I need renters insurance?
What is the cost of renters’ insurance?

Insurance isn’t always a top priority for renters. It may rank alongside purchasing insurance against alien abduction as an unnecessary additional expense for some individuals.

However, landlords frequently require tenants to have renters insurance because it is an essential means of safeguarding your financial well-being.

Let’s take a look at what renters insurance is, what it covers, and how much it typically costs to help you determine whether you need it.