I'm thinking about getting a renter's insurance policy. Here's my question: What should I consider when deciding to get it or not? Edited to add: Is it a good idea to get renter's insurance?
I'm looking at a policy with $20,000 in asset protection, $500,000 in liability coverage and $10,000 in personal injury protection. I'm thinking of buying a house in the next year or so, if that matters.
The cost seems low enough (~$13/month) that I could just get it without worrying too much about the extra expense, but I know there's a lot of knowledge in this community and figure somebody will have some tips or pointers for me.