People who rent: do you have renter's insurance

[Scarpozzi]

That sucks - I'm sorry that happened to you.

For sure theft is probably the more likely things you need to cover for, but other events may be rare, but catastrophic. Fire coverage means replacement stuff for when your house burns down and some coverage for temporary living arrangements. Liability is good as well, especially if you have some personal assets to protect, in the event of some larger incident that someone could try and go after you for.

You're absolutely right. People typically don't steal your unds....so at least with theft you typically have those. In fire, you loose everything...

 

[Brainonska511]

You're absolutely right. People typically don't steal your unds....so at least with theft you typically have those. In fire, you loose everything...

Though, I hear there is a good second hand market for people that like to buy used underwear. At least a theft won't leave you high-and-dry on that front!

 

[Pohemi]

Even if not for property and belongings, I keep it for the liability.

The owner of my residence obviously has the property insured, which would cover things like someone slipping on the front walk or falling from the porch. If someone inside my house slips on a floormat that I placed, and breaks their leg...that could end up on me.

When I was younger, I kept renter's insurance purely for my belongings - namely electronics, computers, and bicycles. The policies covered bicycles lost by theft outside my residence, as long as they had been locked up.

I filed claims on my insurance for stolen bicycles twice over the years, and that alone made the cost of having the insurance policy worth it (was a big college town, bicycle thefts quite common).