What Is Renters Insurance And How Much Does It Cost? 
Rentersinsurance covers the personal property of an individual or family that does not own the dwelling that they occupy . Therefore , the contents of the building -LRB- often an apartment building -RRB- will need insurance . Typically , the cost is substantially less than a homeowners insurance policy since the dwelling is not covered . The cost ? Rates are often in the $ 9-20 per month range , depending upon where you live and the coverage you have . 