Is Renters Insurance Worth Having? 
Insurance is away to transfer a risk from yourself to a pool of people with similar exposures . If the loss of your personal property would create a significant risk to your net worth , you might consider transfering that risk to a pool of other people . For some people the value of their property that is contained in a rented unit is insignificant and they would not suffer too much . For others , loss of their personal property would be a financial disaster . If value is measured in dollars and cents , you would have to endure a loss and claim to make a renters policy a value . You might enjoy a great deal of peace of mind if you know that a fire would not destroy your accumulated assets . 