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Your renter's insurance may also cover you in other ways; ask your insurance agent about what is offered in your plan. Some plans offer liability protection in case a visitor to your rental tries to sue you, medical payments to visitors to your rental that were injured in your rental, increased living expenses in case your rental become unlivable and you must live elsewhere, lost property when traveling, such as luggage, and many other premiums can be offered. You can usually add on more coverage if you request it but it will make your premiums go up. Renter's insurance is a small price to pay for peace of mind during traumatic experiences that may take place in your rental.