In an apartment or house fire, you've lost _everything_. Picture your bathroom in your mind and think of everything you need to replace just in that one room.
Toiletries and soaps.
Towels and washcloths.
The shower caddy and the shower curtain.
The plunger.
The cleaners under the sink.
The books on the back of the toilet.
Now do the same calculation in your kitchen, your bedroom, your family room. The couch, those chairs, a TV, your mattress and box spring and bedsheets and blankets, dishes and glassware and silverware, pots and pans, and so on. Even if you own cheap stuff, that all adds up very quickly into a loss most people can't readily absorb, even when you factor out the pile of stuff you don't wear any more and really ought to donate. I think we could inventory a lower/middle-income renter's belongings and spend $25K pretty easily.
Toiletries and soaps. Towels and washcloths. The shower caddy and the shower curtain. The plunger. The cleaners under the sink. The books on the back of the toilet.
Now do the same calculation in your kitchen, your bedroom, your family room. The couch, those chairs, a TV, your mattress and box spring and bedsheets and blankets, dishes and glassware and silverware, pots and pans, and so on. Even if you own cheap stuff, that all adds up very quickly into a loss most people can't readily absorb, even when you factor out the pile of stuff you don't wear any more and really ought to donate. I think we could inventory a lower/middle-income renter's belongings and spend $25K pretty easily.