While about 95% of homeowners carry insurance to cover theft, fire and losses due to natural disasters, only about 41% of renters carry any insurance at all.
This can be a costly oversight.
As a renter without renters insurance, you may be leaving all of your possessions at risk of theft, vandalism, fire, lightning or water damage.
Take into account what it would cost you to replace everything that you use every day: clothes, electronics, small appliances, jewelry and more. Individually, they may not seem like extravagantly expensive items. Collectively, however, what would it cost to replace them? If they were gone tomorrow, would you be able to afford even the minimum amount of possessions needed to live day-to-day?
Also consider how you would pay for temporary lodging should there be a fire in your apartment, and what you might be liable for should someone become injured on your property.