That's because in the rare event you are sued, you could be forced to pay a legal judgment from your current assets and future earnings. (freemoneyfinance.com)
So in the unfortunate event you're sued, and the judgment goes against you, the renter's policy will cover you up to the policy limits. (cheneyinsurance.com)
Your home and auto policies already offer some form of liability coverage in the event you're sued for bodily injury or property damage. (cnbc.com)