Does Each Roommate Need Renters Insurance? 
Typically , Yes . Renters insurance coverage is nothing more than coverage for YOUR personal items . So if you are in a rental apartment with 3 other people , you would each want to get your own policy to cover your specific items . But be careful . Renters policies will have limits on certain items like , cameras , musical instruments etc. . So although you can have $ 10,000 in coverage , but have a $ 3,000 guitar , you might not be fully covered . -LRB- depending on the policy limit -RRB- . Be sure to ask your agent specific questions to make sure 