How Does Renters Insurance Work?http://www.realpropertyboise.com/blog/item/95-how-does-renters-insurance-work? - So how does renters insurance work? Renters insurance protects you from losses incurred due to fires, floods, burglaries, and even personal liability for those who visit you. http://www.rpmphoenixmetro.com/arizona-property/what-does-renters-insurance-cover.html