Your possessions matter.

If you rent an apartment or house, your landlord might have insurance, but it only protects the building. Your belongings are not covered under those policies. Replacing your furnishings and possessions can be costly. Renters insurance is typically inexpensive and can replace your belongings due to theft, fire, and water damage due to plumbing issues. It can also help pay if you have to find additional living while your place of living is repaired.