Renters Insurance
You may not own the place where you live, but you still need insurance protection. Renters insurance will protect your personal property, your liability and moving expenses if your home becomes uninhabitable because of an insured loss.
If the person upstairs has a leaky toilet and the water comes into your apartment and damages your goods....it is your responsibility to take care of it. For usually less than a few hundred dollars a year, you can protect your belongings!