Renters' insurance is like homeowner's insurance, but you take it with you even if you move. It protects your personal property and provides most of the benefits of home insurance, including liability insurance. However, it does not protect the dwelling or structure of the home itself, which is the landlord’s responsibility to insure.
As a renter, you don’t have to worry about protecting the house or property; however, your personal items aren’t covered in the case of theft, natural disasters, or dangerous accidents that occur as a result of the landlord’s neglect. Talk to an agent about protecting your assets with a renter’s insurance policy.