Which of the following is a benefit of Renter's Insurance?

Renter's insurance is specifically designed to protect tenants by covering their personal belongings against risks such as theft, fire, or damage. This means that if a tenant experiences a loss of personal items, the insurance policy can help replace or reimburse the value of those items, offering financial security and peace of mind.

The other options do not accurately represent the benefits of renter's insurance. For instance, it does not guarantee the full refund of the security deposit; instead, that depends on the terms of the lease and the condition of the rented property at the time of moving out. It also does not provide legal representation in disputes unless specifically included in the policy, and it certainly does not eliminate the need for a lease, which remains a critical document that outlines the rights and responsibilities of both the tenant and landlord during the rental period.