It is recommended that all students and scholars renting an apartment or home consider purchasing renters insurance. Renters insurance is a type of homeowners insurance that helps protects renters' personal belongings from damage or theft.聽Renters insurance policies generally provide coverage for all items in your home, including clothing, electronics, and personal property, as well as any damage to the building itself. The cost varies, but is typically under $50 per month, which is significantly less expensive than what it would cost you to replace your household goods and personal belongings in the event of fire, severe weather, or theft. You can find a list of rental insurance providers online by doing an internet search for 鈥渞enters insurance.鈥� Plan coverage amounts and monthly costs vary, so be sure to review a few different plans to find the one that is the best fit for you.