How Much Does Apartment Renters Insurance Cost? 
Because all insurance is based on the concept of shared risk , you could say that the cost is the total amount you would lose if you had your property destroyed or if you were sued . That is the cost if you chose to not insure your unit . If you insure the unit the cost then is your share of the possible losses of a large group of people . While that is a relatively modest amount it varies by a few factors , the primary being the amount of personal property that you want insured . Less property means lower premium . 