Choosing to rent rather than own your home has plenty of benefits — some of your utilities may be covered, you aren’t responsible for routine maintenance, and you don’t have to worry about paying for repairs in the event of a fire or flood. Your landlord’s insurance will cover the costs of repairs in the unfortunate event of a natural disaster, but if you don’t have renters insurance, the cons of renting might outweigh the pros. As of April 2021, about 44.1 million US households rent their homes. This number is higher than at any point since 1965, and surveys have found that 77% of Americans prefer to rent rather…