Everyone are familiar with home/homeowners insurance while most people doesn't know the importance of renters insurance. Renters also need to protect themselves. Renters insurance is a type of insurance that protects the renter as well as their property. It is important to protect yourself with renter's insurance. Renters insurance will cover the cost of belongings if it is lost in a fire or a lightning, a windstorm or hailstorm. It can also protect you from theft. Most people will not have money to pay a hotel when their home is being repaired. Renters insurance can help by covering the cost of living arrangements while your home is damaged or uninhabitable. When some accident occur in your property, you will be liable even if you are not responsible. Renters insurance also covers the cost of accidents occur on a renter's property. Renters insurance is also very helpful for the renter's who frequently travel. If a person loses anything while travel, renters insurance can cover them too. All these factors make renters insurance inevitable.