Renters insurance is a type of insurance policy that provides financial protection for individuals who rent a home or apartment.

This type of insurance typically covers the cost of repairs or replacement of personal property in the event of damage or loss due to covered perils, such as fire, theft, or natural disasters.

Renters insurance may also provide liability coverage if someone is injured on the renter’s property, as well as additional living expenses if the rental unit is uninhabitable due to damage or loss.

The cost of renters insurance can vary depending on factors such as the level of coverage desired and the renter’s claims history.

Renters’ insurance is not typically required by landlords, but it is an important form of protection for renters, as it can help cover the cost of replacing lost or damaged belongings and provide financial security in case of liability claims.