According to the real estate article Why Renters Need Insurance on NYTimes.com, renters are 50% more likely to be the victims of burglary than are homeowners. Although, those figures would suggest that renters insurance is highly important, in reality, only about 43% of renters have such insurance in comparison to 96% of homeowners that do have insurance. Most would argue that is ridiculous for renters not to have insurance, when most policy's provide coverage for theft, personal property and liability coverage for personal injury to others.
Read the entire article Why Renters Need Insurance on NYTimes.com to find out what else renters insurance covers
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