I am not wealthy, and with that in mind, if something was to happen to my property in the apartment, I need a way to recover. My computer is a couple of thousand dollars. While I don’t see me ever needing the renter’s insurance, it is better to have it and not need it, then need it and not have it. Because of that, I pay my insurance once a year, and usually around the same time that I receive my rent rebate. This makes the impact of the insurance less.