What is the point of having renter’s insurance anyway? Do I really need it? Aren’t I just throwing away money that I could use on other things, such as that new sofa chair I’ve been wanting for my living room? These are some of the questions you may be asking yourself when thinking about renter’s insurance. Whether you’re renting an apartment, condo, or home in Madison, renter’s insurance is a must. It is required for most rentals now a days, but even if it is not required, here is some basic information on renter’s insurance and why it’s worth having for your apartment.