In a word, yes. Many renters feel that they don't have enough valuable property to insure. The question you should be asking yourself is do I have the cash to replace EVERYTHING I own?
Renters insurance covers only your personal property. It does not cover the house, apartment, mobile home or room you are renting. It just covers your stuff. Dishes, clothes, sofa, bed, kids toys, jewelry, table chairs, stereo, Ipod, Ipad, eye-ware, etc. When you add up all the money you spent buying that stuff, it really adds up.
Also, some landlords prefer a tenant that has insurance over one that does not. That can really help if they have to sort through several applications.
Now imagine there is a fire one night. You and your children get out of the house with just the night clothes you are wearing. Everything else is gone. Where are you going to stay? How are you going to replace your stuff? Renters insurance will provide for your living expenses while you are displaced from where you live. Hotel room, meals, and other things can be reimbursed and paid for. There are also other coverages for liability and medical payments to others, even pets can be covered.
That's just one scenario where renters insurance pays for it's self.
If you would like to get a no obligation quote, please click here to go to my web site. It never hurts to look and it may be the best thing you've done.