How Much Does Renters Insurance Cost In California? 
Mark has given you a factual answer but let me give you a personal answer . A renters policy costs less than the loss you might suffer should your property be damaged as a result of a covered loss -LRB- fire , wind etc. -RRB- Insurance isnt a tax but sharing of a risk . Unless you can buy everything in your unit today out of your checking account , having a renters policy makes great sense . The real reason to have a renters policy is to defend you should you be sued for bodily injury or property damage . Anyone entering the property could sue you if they slip and fall or your pet decides to taste their leg . These are really serious issues and the expense can be enormous . Few of us can sustain that type of claim . While Mark mentioned a $ 100,000 liability limit , let me suggest that you take the highest limit that your insurance company offers . Let them take the risk , the premium is insignificant in comparison to the risk . 