<ul data-eligibleForWebStory="false"><li>Renters insurance is often overlooked by first-time renters but can save you from financial troubles in case of theft, damage, or liability issues.</li><li>Basic renters insurance policies are affordable, starting at around $13 per month, and cover personal belongings, liability, and additional living expenses.</li><li>Common mistakes first-time renters make include assuming their landlord's insurance covers personal belongings, underestimating the value of their possessions, and not considering personal liability coverage.</li><li>It is essential to research different renters insurance options, considering coverage, cost, and reputation of the insurance provider. Trusted options like State Farm, Westfield, and Allstate are recommended.</li></ul>

These Insurance Mistakes Could Cost You Thousands As A First-Time Renter—Here’s What To Avoid

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