Which of the following describes renters insurance?

Renters insurance is primarily designed to protect tenants' personal property within a rented space. This type of insurance offers coverage for belongings against risks such as theft, fire, or damage, providing financial support to help replace or repair personal items in the event of a loss. Unlike homeowners insurance, which covers the structure of the home and the owner's possessions, renters insurance focuses solely on the individual's personal belongings inside the rental property.

This is why the option discussing protection against personal property loss in a rented property is accurate. It underscores the essence of what renters insurance is intended to cover, ensuring that individuals renting their living space can safeguard their personal items without having to rely on the landlord's insurance, which typically does not extend to tenants’ belongings.