Let’s start by covering a little background on renters insurance.  Renters Insurance is very important and a must for anyone living in a rental.  A landlord will have insurance on their building, but your stuff inside the building is the problem.  The landlord has no insurable interest in your belongings, meaning their coverage would not cover any of your stuff.  Renters insurance is coverage for your personal property.  The limit amount depends on how much contents coverage you want covered or need. Another part to renters insurance is it provides personal liability coverage.  This would provide coverage if you are found liable with many situations.