When renting a home, it is strongly encouraged to acquire renter's insurance. Although renter's insurance is usually not required, it is extremely necessary to have.

Renter's insurance will protect your personal items and give you help with temporary housing and liability protection such as medical expenses for people on your property or a lawyer if you are sued by someone unintentionally injured by you. Once you decide that you need renter's insurance, knowing your options will help you choose the best policy.

If the roof and ceiling in your rented property is damaged by rain or hail in a storm, of course it is covered by your landlord. But what if your brand new furniture and electronics were damaged? Also, while the roof and ceiling are being fixed, do you have the money to stay in another place or rental for a while? These are just a few of the things that would be covered by your renter's insurance policy.