Renter's insurance is a type of insurance policy that protects individuals who rent their homes. It covers personal belongings, such as furniture and electronics, in case of theft, fire, or other disasters. This insurance can also provide liability coverage if someone is injured in the rented space. Having renter's insurance is often a requirement by landlords, and it is generally affordable. Policies can vary in coverage limits and deductibles, allowing renters to choose a plan that fits their needs and budget. Overall, it offers peace of mind by safeguarding personal property and providing financial protection.