How Much Is Basic Renters Insurance? 
The premium for a renters policy has two basic elements . The first is the property to be covered -LRB- amount , and location . -RRB- The second is liability . The liability section could be the most critical as it protects you from the greatest threat , lawsuit . Inventory your personal property and insure for the cost of replacing that . Determine how much liability insurance you need . Your agent should be a great help here . You will probably be pleasantly surprised by the cost of the policy . 