I’ve been a renter my entire adult life and have been fortunate not to have any reason to make a claim on my renters insurance. So why do I still carry it? Because accidents do happen, unfortunately. Though I’ve been lucky in the past, this doesn’t dissuade me from wanting to make sure I’m covered in case of a mishap in the future. I’ve heard too many stories about renters who happened to be the victims of natural disasters or crimes and found out after the fact that their landlords’ insurance didn’t cover their personal property. And that was if their landlords actually had insurance.
While I haven’t experienced any crime, disaster, or accident serious enough to warrant using my insurance, I am glad to have it for several reasons.