What is renters insurance?
user
Renters insurance is like a homeowner’s insurance, but for a home you don’t own. If you have something like a fire, theft, or other covered accident happen to your apartment, your landlord has to pay for it out of the property insurance they already have, and they don’t want to pay for something you caused. Renters insurance helps cover that.
assistant
So if there is a fire then the belongings would be replaced?
user
If you have renters insurance, then yes, your belongings would be replaced.  However there is no guarantee the landlord would actually replace them or fix them after a fire.
assistant
Is renters insurance a reasonable price?
user
The yearly price is really the same as a homeowner’s insurance.  Typically it’s about 3% of the cost of the rent.  Which means if you pay a thousand dollars per month for rent, it would be 30 dollars per month, to cover your property.
assistant
What is renters insurance?
user
Renters insurance is like a homeowner’s insurance, but for a home you don’t own. If you have something like a fire, theft, or other covered accident happen to your apartment, your landlord has to pay for it out of the property insurance they already have, and they don’t want to pay for something you caused. Renters insurance helps cover that.
assistant
So if there is a fire then the belongings would be replaced?
user
If you have renters insurance, then yes, your belongings would be replaced.  However there is no guarantee the landlord would actually replace them or fix them after a fire.
assistant
Is renters insurance a reasonable price?
user
Renters insurance is pretty expensive, especially if you’re young, in an apartment that’s been around for a while, and doesn’t have a fire in the last ten years.  Do you have other things to replace your stuff?   It’s possible you could find cheaper insurance if you could get the same coverage in something like homeowner’s insurance.  Or, are you thinking about living in a firetrap apartment?  I think it’s important to know what you’re getting into, and renters insurance is a way to do that.
assistant
What is renters insurance?