What Are The Disadvantages Of Renters Insurance? 
I do not see very many disadvantages to renters insurance . Lets look at the coverage renters insurance provides , and then we can talk about what it does not cover . Renters insurance is designed to cover your personal property , protect you if you are sued , and pay medical bills if someone is injured on your property . Most people get upset when their insurance does not cover something . Sometimes people file claims to pay their landlord for clean up their deposit did not cover -LRB- this is not covered -RRB- . Some agents use renters insurance as an ad on coverage and they choose how much coverage without consulting your need . If you have renters insurance and only have $ 10k of coverage when you needed more you will not be paid more than the $ 10k A common deductible on renters insurance policies is $ 500 , and often smaller theft claims do not exceed the deductible . I see this a lot in personal items stolen out of vehicles . I think the advantages of having renters insurance far out way not having it . People in our society sue for a lot of different things , and protecting your self from being sued for Bodily Injury or Property Damage out side of your Auto is an essential part of creating a sound financial plan . Just make sure you have the proper coverage before you buy . 