The most important reason to have renters insurance is to protect yourself from liability claims. These pop up when you are negligent in your actions and someone else is hurt as a result. What does it mean to be negligent? Well, basically negligence is “not doing what a reasonable person would do”. So when the guest at your party hurts themselves on the broken glass you forgot to clean up, a judge might think your actions were unreasonable. And that same judge might say you owe the guest $15,000 for their suffering. And then you have to cancel your plans for that trip you were planning to Jamaica…
Thankfully, renters insurance protects you in this situation and will cover both the settlement amount and your court fees. All for $15/month.