Renter’s insurance is very cheap. I have the same company i use for my car insurance and so it’s about $15 a month or something really cheap for $30,000 coverage. I used to live in a building that was burned in a fire. Before that experience, fires were something that happened to other people. I didn’t have renter’s insurance. The girl across from me had $30,000 coverage and she just had a studio apartment. She got $30,000, which she used to buy a house. The insurance also pays for short term hotel for you to have a place to live temporarily while you find a new home (not having that, I stayed with my parents for three months). The insurance company contracts with someone to come in, clean all your stuff that’s salvageable, pack it up- all stuff I had to do myself. You don’t think you have much, which was how I felt. Believe me, think about all your clothes – underwear, socks, casual clothes, fancy clothes, coats, shoes, boots, now add on your electronic equipment, kitchen stuff, furniture, bed. You would get all that replaced if there was a disaster. Take it from me, I will never go without renter’s insurance again.