Renter's insurance is important for individuals who are renting a property and want to protect their personal belongings and liability. It provides coverage for personal property, liability, and additional living expenses in the event of a covered loss. It is recommended for anyone renting a home, apartment, or condo. Renter's insurance can help replace personal belongings in case of theft, fire, or other covered disasters, and it also provides liability coverage if someone is injured while visiting your rental property. Additionally, it can help cover additional living expenses if you are unable to live in your rental due to a covered loss. Overall, renter's insurance offers valuable protection and peace of mind for renters.