Why Does Someone Need Renters Insurance? 
There are two basic reasons why you would need Renters ' Insurance . First , if you are required by the building owner to have it as a condition of your lease . But to me , the most important reason to have it is because you may be renting your home , but you own your personal property and have worked darned hard to get it . So unless you happen to have an extra $ 50,000 laying around , talk to your Insurance Professional about buying a Renters ' policy that will guarantee to replace everything at full current value . It 'll be one of the smartest $ 300 purchases you may make . 