41% isn't 'rare' [0]. Aside from protecting your stuff in the event of disaster, the real value of rental insurance (must like car insurance) is liability protection in the event that something bad happens to someone else. Policy Genius has a good overview of what renters insurance does and doesn't normally cover [1].

Renters insurance is cheap, especially compared to the value of your stuff, the cost of living in a hotel for an extended period of time, or paying someone's medical expenses after an accident.

[0] https://www.iii.org/fact-statistic/facts-statistics-renters-... [1] https://www.policygenius.com/renters-insurance/learn/what-do...