If you’ve always wondered how you can help to protect yourself when you live in an apartment, the answer to your prayers might just be renters insurance. Renter’s insurance is a monthly insurance plan that helps to cover loss of belongings, helps to reimburse you if you’ve done work to your current apartment like adding shelves or something like that, and it can even help you if you accidentally cause damage or start a fire in another apartment. The biggest myth surrounding renters insurance is mainly that it is much too expensive for the average person to have. This isn’t always the case, however. You can get comprehensive plans that cost upwards of $100 a month, but you can also get a wide variety of smaller plans that are perfect for those only needing a little bit of coverage. Most companies that sell other forms of insurance like home insurance or car insurance also sell renters insurance, but you might have to call them specifically and ask. You should also shop around for the best rates, much like car insurance, the price of good renters insurance can vary dramatically from company to company. Overall, renters insurance is a good idea if you feel that you have a significant amount of belongings to protect. The cost per month is usually worth it.