Renters insurance is the protection every renter needs. This type of insurance will protect you in the long run against many perils. Insurance companies offer many benefits with this type of policy. The renters insurance policy typically protects you from huge medical bills in the event that someone gets injured in your apartment with liability coverage. It also covers your personal property in case of a fire or theft. The most important thing to get when you've settled into your new house or apartment is to obtain a renters insurance policy.

The biggest misconception that most renters have is that the landowners insurance policy will cover them and their personal belongings in the event of a disaster. This is not true. The homeowners insurance that your landlord carries will only protect the structure and the homeowner's personal property not yours. In fact, many landlords now require their renters to carry a renters policy. This way, if the renter does damage to the property such as damage to windows, walls, or carpeting the renters insurance policy will pay the landlord for the damages.

Renters insurance is very affordable and well worth looking into.