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Renters should seriously consider having a contents insurance policy that covers fire damage.  According to the U.S. Fire Administration, residential fires are more prevalent in winter months than in spring or summer months.  A residential fire can completely destroy a home and all of its contents. 

Residential fires are more common in winter months partly because of the increase in cooking and heating.  When the cost of heating homes increases with the colder temperatures, people will turn to using fireplaces, wood stoves, space heaters, and other less expensive alternatives to traditional utilities.  Although these are valuable options, they do come with risks and safety precautions should always be taken to avoid residential fires.

Fires are detrimental to a home in many ways.  Often the structure and contents are not destroyed by flames, they are affected by smoke or water damage.  A renter should not assume that their personal belongings are covered by their landlord's insurance policy.  Unless the landlord has a specific rider in their policy that covers their tenant's contents and belongings, the responsibility of replacing the items is that of the renter.  This is why a contents insurance policy is necessary.

Replacing all the items inside a home is expensive.  A renter should consider the cost of replacing a computer, television, DVD player, furniture, appliances, clothing, jewelry.  Most people cannot afford to replace these items without the assistance of a contents insurance policy.

A standard renters insurance policy covers loss from many different types of peril.  A general policy should cover fire, windstorm, hail, explosion, aircraft, vehicles, smoke, vandalism, theft to name a few.  They also cover specific water damage, plumbing or electrical damage. 

Documentation of belongings is also important and helps when and if a renter has to file a claim with the insurance company.  One way to document belongings is to take photographs.  Another is to make a list of items or save receipts.  For peace of mind, place the documentation in a safe place like a safe deposit box.