Renters insurance is a type of insurance that provides financial protection for individuals who rent their home or apartment. It typically includes coverage for personal belongings, liability protection, and additional living expenses in case of a covered loss or event.

Personal belongings coverage protects renters' personal property against damage or loss from events such as fire, theft, or vandalism. Liability protection provides coverage for legal expenses and damages if the renter is found responsible for injuring someone else or damaging their property. Additional living expenses coverage helps cover the costs of living elsewhere if the renter's home becomes uninhabitable due to a covered event.

Renters insurance is usually affordable and can provide valuable protection for renters. It's important to understand the specific coverage and limits of a policy, as well as any exclusions or deductibles. Renters should also consider the value of their personal belongings and the potential costs of liability claims when choosing a policy.