Yes. Superior Management Incorporated is not an insurance company and therefore cannot guarantee your personal belongings. You are responsible for your own belongings. For a modest fee of approximately $ 350.00 per person per year, renters insurance will not only provide you with protection for your belongings, but may also cover you in the event of natural disaster, fire, theft, or personal injury. In addition, renters insurance protects you from unexpected damage you may cause to your neighbor’s apartment.