Renters insurance is a type of insurance policy designed for individuals who rent a home or apartment. It provides financial protection against losses or damages to personal belongings within the rented property caused by covered perils such as fire, theft, vandalism, or certain natural disasters. Renters insurance also typically includes liability coverage, which protects renters against financial responsibility if someone is injured in their rental unit or if they accidentally damage someone else’s property. Policies can vary in terms of coverage limits, deductibles, and additional options, offering renters peace of mind and financial security in case of unexpected events.