Is It Mandatory To Have Renters Insurance? 
It is generally only mandatory if your building owner requires Renters Insurance as a condition of your lease . That having been said , obtainig Renters Insurance is a very smart decision for the protection it provides you . If your furnishings for example , were destroyed in a fire that severely damaged the building , your landlord would not be providing you with any financial support for you to replace your belongings . Likewise , if somehow you caused damage to your apartment , the liability portion of your Renters Insurance would cover the repair . Without it , you would either have to pay out of pocket or lose all or a portion of your security deposit . 