Should Renters Have Insurance? 
By far one of the most cost effective coverage options available is Renters Insurance . A policy for Renters Insurance not only covers the personal property of the insured for loss , damage or theft anywhere in the world , but also provides a level of Personal Liability insurance to protect the insured should they be sued for causing damage or injury to another person or their property - again , anywhere in the world this may have occurred . Typically , these policies provide for $ 100,000 in Personal Liability coverage , and can be increased for those who may want more coverage as well . Why would you want Personal Liability insurance ? I can tell you a hundred stories of renters who did n't have this coverage and were sued for something that happened , completely out of their control , and had to have their wages garnished to pay off the law suit . 