Insurance isn't something many renters give a lot of thought to. In fact, a study by the Insurance Information Institute a few years ago found that only about 31 percent of renters buy renters insurance.
If you're renting, it's worth your while to consider joining their ranks. When you rent an apartment or house, your landlord is not responsible for your personal belongings if they’re stolen or damaged. You are, and renters insurance can help.
Renters insurance can also help protect you if you’re held legally responsible for injuries to another person while they’re visiting your home. And, because the policies don't cover the building itself, premiums can be relatively inexpensive.
If you decide to look for renters insurance, here are a few questions to ask to ensure you get the coverage you want.