Why Do Tenants Need Renters Insurance? 
That is a great question ! There are two reasons why tenants would want renters insurance . The first benefits the landlord , and that is why they want you to have it - it lowers their insurance bill , which hopefully translates into lower rent for you . The second is that it protects you , in the event that a neighbor -LRB- or you -RRB- accidentally damages your apartment , and the things thatyou own . Unless you have a bundle of cash to replace and repair everything , your renters policy is a good thing to have . Thanks for asking ! 