A lot of people think if they don't own their home, they don't need insurance. They assume they are covered by the owner's insurance. Most of the time this isn't the case. That's why renter's insurance is an important thing to consider when you decide to rent an apartment of house.Having renter's insurance can protect you if something should happen to where you live and it's decided that it's your fault. Even an accidental fire that damages a small part of a kitchen can cost hundreds or even thousands of dollars and you are responsible to pay that if you are found at fault. Most leases that you sign will state this. If you don't have insurance, this means you will have to pay out of pocket or risk being sued. Besides providing protection for you from criminal and civil charges, having renter's insurance also protects you from the loss of your belongings. While it can't replace the loss of personal possessions that have sentimental value, it can provide the money needed to replace items. Before purchasing renter's insurance, you need an estimate of what your belongings are worth. Include furniture, clothing, kitchenware, and other miscellaneous things such as towels and personal items. You will want to value them at the current cost, not what you paid for them. If you have to replace them, it will be at the current prices and you don't want to end up not having enough money if you should have a total loss. You can go to most home insurance companies to buy renter's insurance. The cost is minimal unless you have special items. Because it's so cheap, you would be better getting more insurance than you need rather than less. If you should need to file a claim, the adjuster will estimate the portion of loss unless it is a small claim where it's obvious what needs to be replaced. They will give you a check for the percentage of loss that you sustained. Another aspect of renter's insurance is the liability they cover if someone should get injured at your home. While your landlord's insurance may cover that in some instances, there are times you would be liable. For instance, if you have a dog that bites someone, you would be responsible. Renter's insurance provides more than just money to the client; they can provide peace of mind.