When Do You Need Renters Insurance? 
That is a great question ! I think renters insurance is an absolute must anytime you are living in someone else 's property , that is n't named Mom or Dad . -LRB- and even then sometimes you may want it -RRB- A good rule of thumb is to have a policy anytime it could be possible that you would have to pay to replace all of your stuff if it were destroyed . So , an apartment , have it . A dorm room , where the college may have liability for it , maybe not . Either way , it 's a cheap policy , and great protection . Be safe , buy it . Thanks for asking ! 