Whether you’re renting your first apartment or your fifth, you may have some questions about renters insurance. What is it? Do I really need it? Is it affordable? We’ve got you covered. Read on to learn everything you need to know about renters insurance. What is renters insurance? Renters insurance is a form of insurance policy that pays out if your goods are damaged or stolen and need to be fixed or replaced. Who needs renters insurance? Any tenant with valuables that they can’t afford to repair or replace — or simply don’t want to pay the entire cost of replacing after an accident — should consider purchasing renters insurance.…