Do I need renters insurance as someone with few belongings?

I own very few belongings. Everything I have can be replaced pretty easily because I didn't pay much money for it. Do I really need renters insurance?

Answer
Personal property coverage on a renters policy goes towards replacing your clothing, shoes, furniture, appliances, and so on. Even though you may not think you own a lot, the costs of repurchasing these items (especially brand new) can add up really quickly, so it’s still a good idea to carry the coverage.
Renters insurance also covers you for more than your belongings. It provides you with liability coverage, which can help pay for court fees and legal expenses if you’re ever sued. It can even cover additional living expenses should something happen where you live and you need another place to stay while repairs are being made.
If you do decide to get coverage, you may want to check out this article: How to Find the Best Renters Insurance.
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Alexah Grinnell
Answered on Mar 08, 2021
Alexah Grinnell has been working in the insurance industry for 5 years with a primary focus of coverage consulting in the sales department. She has been working for Jerry Insurance since July of 2019 and has also has experience working for AAA and State Farm. She currently lives in Rochester, NY with her husband and 3 kids
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