Renters insurance covers all the furniture, electronics, clothes, jewelry, etc in your apartment—everything that’s not bolted down. In fact, it even covers your goods while they’re not physically in your house—meaning if your laptop gets stolen on vacation or damaged falling out of a backpack, renters insurance will pay to replace it. Most renters insurance will also cover “loss of use,” or the costs you’ll incur living elsewhere while your apartment or house gets repaired after a disaster. Finally, renters insurance covers liability, or legal costs, in the event you get sued if a visitor gets hurt at your apartment.