Individuals owning their houses do not need to purchase an individual insurance policy to save their household items as these possessions come within the ambit of homeowner’s insurance policy. But if a person rents out his residence no such coverage is received for the possessions. In the unfortunate scenarios of theft or burglary you do not have any recourse. The landlord, the property-owner, or the rental agent is not responsible and the money needs to be shelled out from your pocket. Again natural calamities can occur at any stage of life, which can reduce the house to rubbles. Unfortunately, many people do not think of such scenarios unless the tragedy has happened with them. But if you as a renter / tenant insure your personal possessions, like any moveable items or furniture, by purchasing a renters insurance, you save yourself from a lot of hassles.Insurance needs to be done for only the objects that belong to you and not for any other fixed items present in the house which is owned by the landlord. For this reason the pricing of renters insurance is reasonable, and you can stay well within your budget. The insurance premium would provide coverage to the personal possessions which you have brought in to the house. Since these policies are normally quite affordable, one can obtain the policies conveniently from the insurance agents listed in the phone book, websites (for those who want to use the internet option), or yellow pages. You can also do a comparison of the rates on the internet. Generally the companies who sell insurance policies for homeowners also sell renters insurance, but the opposite might not be true.The task of comparing various rates becomes simpler and more accurate quotes can be got if a person is well prepared before contacting any agent for estimates. You must make a list of the items that are possessed by you and videos or snaps should also be taken for those. These would be handy evidence when you are filing for your renters insurance claim. It is better if the items are segregated according to their types, like furniture, electronics, misc. household items, etc. Make a note of every small detail, no matter however insignificant that might seem to you. There might be many things which you have kept in the garage, attic or basement and these objects often get overlooked.When you contact an insurance agent for receiving a quote for your policy, ensure that you ask about the various coverage plans offered by their company. Depending upon your region of stay, verify if coverage is provided for losses suffered due to events like tornadoes, floods, hurricanes, or earthquakes. If the answer is in the affirmative, ask whether any additional charges need to be borne along with the premium amount. Everything written is fine print should be explained and told to you. It needs to be remembered that premium amounts and extra charges for coverage differ substantially from one company to another and hence shopping for renters insurance is always suggested.