is renters insurance mandatory by law 
renters insurance is not usually mandatory by law but some landlords may require it as a condition of the lease agreement even if it s not required having renters insurance is highly recommended to protect your belongings and liability can i transfer my renters insurance to a new apartment yes most renters insurance policies can be transferred to a new apartment or rental property inform your insurance provider about the move and update the address on your policy to ensure continuous coverage should you end up buying a property be mindful that you ll have to cancel your renters insurance in favor of homeowners insurance can i cancel my renters insurance at any time yes you can cancel your renters insurance at any time by notifying your insurance provider keep in mind that you may lose coverage for any future incidents if you cancel before the policy term expires in addition you can enter into coverage during any time of the month the bottom linerenters insurance is a policy that protects tenants personal belongings and provides liability coverage it safeguards against financial loss due to theft fire or other covered events and offers liability protection if someone is injured in the rental unit though not always required it is coverage that is needed by renters as landlord policies do not cover tenants personal belongings 