Persons that live in rented homes, whether a house or an apartment, need to have Minnesota Renters insurance to protect all of their possessions. Living in an apartment makes you more likely to experience a loss of possessions due to fire or water damage caused by another occupant. Even so, many apartment dwellers do not have the necessary insurance to protect them in the event of a loss.Many persons move into their first apartment with very few possessions. What they have may be of little value, so they do not think about getting insurance. However, over time the person or family may begin to acquire more things, and replace used items with new ones. Over time, the value of those possessions grow. Unfortunately, the owner may never think about insurance.Renters insurance can offer replacement value for items that are lost due to theft or fire. If you have very high value items, they can be insured for a set amount of money. In either case, the insurance would pay to replace those items if they were damaged or stolen.Renters insurance covers you and your family is a guest has an accident in your home and needs medical care. In many cases, the victims health insurance will not cover his expenses since you can be held liable. Insurance gives protection to your financial assets.If there is an accident the renders your home uninhabitable, then your Minnesota Renters insurance can pay for temporary housing until you are able to return to your own home.There are many companies which offer renters coverage. One way to purchase this coverage is through the insurance company that covers your vehicles. The charge when added to the existing policy is often very small. Sometimes companies offer a multi-line discount that reduces the cost of coverage even further.If it is time to renew your auto insurance any way, you may want to get quotes for both renters and auto insurance. Free quotes are often offered online and they will allow you to compare coverage and costs. You may find rates that are lower for your auto insurance so that there is no increase in the total amount you pay for insurance.Minnesota Renters insurance offers protection for all your assets. In the event of theft or other damage you can have coverage that allows you to replace those items you have collected that make your life more enjoyable.