If you don't have a lot of expensive possessions, you can get a cheap renters insurance policy that can provide decent coverage for only a few dollars a month in many cases. (freewayinsurance.com)
I did have to set it with powder but it was very lightweight and did give decent coverage. (maybelline.com)
Of course, to get decent coverage, you must pay upfront in the form of premiums and pay on the back end (if you do make a claim) through your deductible. (netquote.com)