Renter’s insurance is usually not mandatory but it is strongly encouraged and VERY important. Renter’s insurance can cover a number of your personal belongings, is reasonable and can be purchased through most insurance companies. Be sure to get quotes from several companies as prices and coverage will vary. Renter’s insurance should provide full coverage for you and your belongings in the event of theft or some type of damage. Remember that your personal property is not covered under the landlord’s insurance unless you can prove negligence on their part. Always read the policy carefully and ensure you have full coverage. A couple of companies that you can contact about their policies (be sure to check with your parents’ homeowner’s policy first).