What is renters insurance?
The Bankrate.com financial term of the day is: "renters insurance."
When you're renting a place that's not your property, you want to protect the stuff that is. That's where renters insurance comes in. The policies compensate you for any loss or damage involving your widescreen TV, jewelry or other possessions, but it doesn't involve the building where you live. That's the landlord's problem.
While you're making rent payments, it's also a good idea to shell out some money for renters insurance to cover what's yours in your rented dwelling.
To get an insurance quote, visit the Insurance section at Bankrate.com.