Does Each Roommate Need Renters Insurance? 
Who owns what in the apartment or home you are renting ? YES , each roommate needs to have Renters Insurance . Your insurance will only cover your material possessions . If you own all of it , then you there really is no reason for the roommate to have the insurance . Be sure to get the replacement value v. current value renters insurance . It will cost a little more however which would you rather have , the value your TV is currently worth or what it costs to get a new one ? 