Which insurance type is typically purchased by renters to protect against loss?

Renters insurance is specifically designed for individuals who rent their living spaces. This type of insurance offers coverage for personal belongings in the event of theft, fire, vandalism, or certain natural disasters. Additionally, renters insurance often includes liability protection, which safeguards the renter against claims arising from accidental injuries that occur on the rented property.

By having renters insurance, individuals can ensure that they are financially protected against potential losses that might occur during their rental period. It provides peace of mind knowing that their personal items, such as furniture, electronics, and clothing, are covered, even if they do not own the property they live in.

The other types of insurance listed do not fulfill the same purpose. Auto insurance is meant for vehicles, health insurance covers medical expenses, and life insurance provides financial support to beneficiaries after the policyholder's death. Thus, renters insurance is the appropriate choice for individuals seeking to protect their personal property while renting.