*Loan,banking and credit>>>renters insurance

What is renter's insurance?

It's a package policy covering your stuff, and your liability, if you don't own your residence.

A local, independent agent can sit down with you for a half hour or so and explain all the coverages, AND give you a quote. Source(s): agent, 21+ years

It is insurance for renters. i.e. if a pipe breaks in your building and your stuff is destroyed, or if someone robs your apartment, they will cover your loses.
As a former renter, I strongly suggest everyone purchase a policy. You only need to purchase the amount for the contents of your home, but do not underestimate, it is not that expensive and it will be a life saver in case of a total loss.
It covers items in the apartment only. That way the renting company is not held liable if someone breaks in or if there is a water leak or something. It is usually very affordable and can sometimes be bought as a package deal with your car insurance company. My old employer required that renters get insurance before we would rent to them. It really is in your best interest to get some renteres insurance just like a home owner has to have home owner's insurance.
real estate rental agent