Yes, renters insurance is generally necessary for apartment dwellers. While it's not legally required by most states, it provides important financial protection for your personal belongings and liability coverage. In the event of theft, fire, or other covered disasters, renters insurance can help replace your belongings. Additionally, if someone is injured in your apartment, renters insurance can provide liability coverage for legal and medical expenses. It's important to carefully review the policy to understand the coverage limits, deductibles, and any additional endorsements that may be needed for specific items or situations. Overall, renters insurance offers valuable protection and peace of mind for apartment residents.