Renters insurance is a type of insurance policy that provides coverage for renters in the event of damage to or loss of their personal belongings, as well as liability protection if someone is injured while on the rental property.

While renters insurance is not legally required, it is highly recommended for all renters. It can provide financial protection in case of unexpected events such as fire, theft, or liability claims.

Renters insurance typically covers personal belongings, liability protection, additional living expenses if you need to temporarily relocate, and medical payments if someone is injured on your property.

The cost of renters insurance can vary depending on factors such as the amount of coverage, the location of the rental property, and the deductible chosen. On average, renters insurance can cost anywhere from $15 to $30 per month.

You can purchase renters insurance through insurance companies, agents, or online platforms. It’s important to compare quotes from different providers to find the best coverage at a competitive price.