Do I Need Home Insurance If I'm Renting? 
You do not need home insurance when you are renting since you do not own the structure . However , you do need renter 's insurance , which is available from most reputable auto and home insurers . Renter 's coverage gives you protection for your personal property that you own inside the building you are renting . Other benefits include additional living expenses in case you have to move because of a covered claim , liability and medical payments to others . Rates are typically very cheap and you can easily compare the best prices from a reputable website here in the US or an experienced broker . 