Do Renters Need Insurance? 
You may be required to purchase Renters Insurance . It depends if this is a requirement in your rental agreement or lease agreement . Some properties do require renters insurance to cover their interest . Renters Insurance also covers general liability and most leasing agency 's require a minimum of $ 100,000 in liability insurance . They do not care how much personal property you insure as long as the liability insurance is there . These policy 's can be very inexpensive especially for example if you buy the minimum policy $ 5.000 in personal property is usually the lowest you can buy , and $ 100,000 in liability for around $ 10.00 per month 