Renters insurance is not only a good idea but can be required in order for you to lease a home or apartment. You can choose a policy that best suits your needs. Whether you want the most basic policy that simply covers the property or a more extreme policy, the options are there for you.
It is less than homeowners insurance as the tenant is not responsible for the actual home. Renters insurance makes sure that you are protected in the case of fire, theft, and vandalism.