Apartments, condominiums and houses being rented may all have insurance that covers the building but if you are a renter your personal belongings are not included by this insurance. What would happen to your personal property in the following circumstances? â?¢ Fire â?¢ Theft or Burglary â?¢ Someone is injured while inside the rented property â?¢ Water damage Let us say you take a plane ride and while trying to get your luggage out of the overhead bin, your suit case slides out and bam it hits someone in the head. If you he sues you what will you do? A Renters Insurance policy will protect your personal property from loss or damage and give you personal liability protection anywhere in the world. These policies are there to safeguard against unexpected situations and gives you assurance of compensation and above all, peace of mind. Many renters take for granted the personal property that they have only to realize that this property has value and should be shielded through a Renters Insurance policy. Clothing, furniture, appliances, computers, jewelry and sports equipment can be covered with a Renters Insurance policy.