Most people who own their homes know that they are required by mortgage companies to carry homeowner's insurance to protect their property, their possessions, and any injury incurred by visitors. But what about people who are renting or leasing their living space? Renter's insurance is usually not REQUIRED, but is it a good idea? That's what we'll discuss here. We'll talk about what exactly is covered, what happens when damage occurs to your property and it's someone else's fault, and who's covered in roommate situations.