Doesn’t everyone have renter’s insurance? Surprisingly there are a lot of people who still do not have it. Some of the reasons for this are because the tenant thinks they are covered under the homeowner’s policy. Many feel that it will be too expensive or that their possessions are not worth covering. With some policies costing less than $17 per month, renters insurance can be very affordable. Compare this to how much you would need to spend to replace all those belongings and its easy to see it makes good sense.
Yes, having an insurance policy that protects us against calamity is a good idea whether we are homeowners or tenants.