Whether you're a college student living with roommates or a family renting a town home, a comprehensive renter's policy should be a top priority. Robbery, fire, hail, or water... what would you do if your possessions were suddenly gone or damaged?

While your landlord has insurance, it probably only covers the building itself - leaving your belongings unprotected when the unthinkable happens. Only a well-drafted renter's policy will allow you to recover the value of your possessions if they are stolen or damaged by fire, severe weather, or a burst water pipe. Renters insurance also has you covered if someone is injured during an accident at your residence, by having a policy in place you help protect yourself.