While a landlord has insurance to protect his or her building, renters need insurance to protect their valuables such as furniture, televisions and stereos, clothing, family heirlooms and collections.  Many renters overlook insurance usually because they are unaware it is available to them.  Nonetheless, the loss of property due to fire, theft or storm could be financially devastating.  Insurance provides financial protection as well as limiting the financial risk from lawsuits of any visitor who suffers an injury in your home.

Renter's insurance typically covers:

Some especially valuable personal items such as cash, jewelry, collectibles and personal computers are not fully covered under the base policy and require special "floaters" or "riders" that provide additional coverage.