'It’s not important.'
Of the renters surveyed who did not have coverage, 17% said they didn’t think renter’s insurance was important — although that’s far from the truth. It’s easy to think a catastrophe won’t happen to you, but financial disasters related to renter’s insurance may be more common than you would assume.
In the United States, a house fire takes place every 90 seconds, and a break-in occurs every 15 seconds. Even if you don’t think your possessions are valuable, imagine the implications of losing and having to replace everything you own: your couch, bed, television, computer and clothes. Those costs add up fast. There’s also a chance other people could be affected. For instance, say you forget to turn your stove off and start a fire in your apartment building. If you’re found to be at fault and don’t have renter’s insurance, you could end up buried in costs far beyond what you owe to replace your personal belongings.