Is Renters Insurance A Waste Of Money? 
Look , there really is only one kind of insurance policy that is guaranteed to pay out so long as it is maintained and that is Life Insurance . It is possible to go through your entire life and never get sued and never have any of your personal belongings lost , destroyed or stolen . You may never be involved in a car accident or have your car damaged by a falling branch or run away shopping cart . But one thing is certain - we all will die . So no , I would not consider Renters Insurance to be a waste of money any more than any other kind of Property and Casualty product . The reason is that if you have it , you have peace of mind . 