Renters insurance covers personal belongings and provides liability coverage for a property that you do not own. Renters insurance is much less expensive than homeowners insurance, for $15 per month it covers your belongings but not the structure itself. Renters insurance gives you peace of mind knowing that your contents are protected.
Renters insurance covers damage to personal property including theft, vandalism, fire or lightning, windstorm or hail, and replacement costs. Policies also cover liability including bodily injury or property damage, fire damage, and medical payments/first aid expenses.