Renters insurance is used to protect the personal property of individuals who rent a home or apartment. It provides coverage for belongings such as furniture, electronics, clothing, and other personal items in the event of theft, fire, or other covered perils. Additionally, renters insurance offers liability protection, which can help cover legal expenses and medical bills if someone is injured while visiting the rented property. This type of insurance can also provide coverage for additional living expenses if the rented property becomes uninhabitable due to a covered event, such as a fire. Overall, renters insurance serves as a crucial financial safety net for tenants, offering protection for their personal belongings and liability coverage in various scenarios.