Is Renters Insurance Required In South Dakota? 
Renter 's Insurance is not required by state law , but many landlords will require that you carry renter 's insurance as part of your lease agreement . This is because Renter 's Insurance comes with liability insurance protection , so , in some cases , if you damage the premises , they can collect from your Renter 's Insurance policy . That coverage usually applies for accidentally created fires -LRB- for example -RRB- . Fortunately , most people can buy Renter 's insurance for about $ 10 - $ 12 per month -LRB- it might be less and some basic policies only cost about $ 5.00 / month -RRB- . Send me an email and I can get you a rate ! 