Renter’s insurance is almost always a good choice for the owner, except for the fact that requiring it may limit the number of people who can afford to rent the space. Whether it’s a good idea for the renter depends on many factors, including the details of the policy and of the renter’s financial situation—not to mention whether the owner of the rental in question requires it.
Those who choose to take out renter’s insurance do incur a small, predictable cost. Insurance is not free. In exchange, renters get the assurance that their savings will not be wiped out by large, unexpected costs should something bad happen. The choice may come down to whether the renter finds a policy that works for them in their situation. But one thing is clear; does renter’s insurance does cover accidental damage? Yes.