Does Renters Insurance Make Sense? 
Renter insurance makes a lot of sense . If you apartment was on fire and all your personal belongings were gone , where will you stay temporally ? Renters insurance will provide you with temporal hotel accommodation . If you were having a party at your apartment and one your guest slips and falls on your wet kitchen floor and breaks their hip and ambulance came took them to hospital and the medical bill is $ 28,000 . Now who do think is responsible for that ? YOU my friend ! Let say you loaded you car with your personal stuff worth say $ 5000 going on vacation to Florida . You car overheats at point and caught on fire and both your car and its content are gone . Assuming you have physical damage insurance on your car , your car insurance company with replace the fair market value of vehicle minus any applicable deductible . They will not replace your vehicle content of $ 5000 . If you had renters insurance for your apartment , they will cover your personal stuff in vehicle . Yes it makes sense to buy renters insurance . 