TL;DR For most renters, renters insurance is worth it. It typically costs around $10–$15 per month and helps protect your personal belongings, provides liability coverage if someone is injured in your home, and covers temporary living expenses if your rental becomes uninhabitable. Even renters who don’t own many high-value items can benefit, since everyday belongings add up quickly and liability claims can be costly. Compared to the financial risk of theft, fire, water damage