Why Renters Need Insurance? 
This question , in varying forms , I find to be pretty popular . The short answer is that unless your landlord or building owner requires you to have it as a condition of the lease agreement , then you do n't . Now , that having been said , why would you not want to have it to protect yourself and your personal property that you have worked and struggled so hard to obtain ? Ask yourself these questions : Do I have $ 50,000 in the bank that would help me to buy all new stuff if I came home and found that everything I owned burned while I was at work ? If not , would it make more sense to buy that protection for say only $ 250.00 ? Up to you . 