News reports of apartment fires often include tragic stories of renters who lost everything because they were uninsured. To protect your belongings, you need a separate renters insurance policy. Renters insurance covers your personal property and household items in the event of a fire, theft, or other loss. It also offers you financial protection if a visitor is injured in your home. Pay to repair or replace personal property that is damaged, destroyed, or stolen.
Extra coverage is available for additional premium.
However, rates vary widely among companies. It pays to shop around. Get premium quotes from several companies for the amount of coverage you want. Losses not specified are not covered. Most renters buy this type of policy.