Why Carry Renter's Insurance? 
Renter 's insurance is important for two reasons . First , it covers your personal property -LRB- furniture , tv , audio system , clothes , dishes , etc -RRB- against loss . Second , it provides liability coverage . Let 's suppose you were cooking and a fire began because your attention was directed away . The fire that caused the damage was your fault , because you were negligent . The damage to the home or apartment you were renting may be more than what everything you own . In a recent case where the tenant did not have renter 's insurance , the cost of the damageswas recovered by garnishing the tenant 's wages by 30 % until the entire cost of the damages was recovered . 