When you rent or lease, your landlord’s insurance usually only protects the building itself — not your personal belongings. If something unfortunate happens, renters insurance helps make sure you can afford to replace your belongings, like your electronics, computers, clothing, furniture, and other valuables. Consider purchasing additional coverage for items that may be subject to limitations, such as jewelry, guns, fine art, stamps, furs, and gold. Renters insurance also includes personal liability coverage in case someone is injured while visiting you and you are legally liable.