You don't have to renounce the Bible to understand some of it is embellished, or written to serve allegorical or theological purposes.
Only Protestants hold the doctrine that biblical scripture is literal and inerrant.
Protestants are a minority in world Christianity, so if your view is that everything in the bible is literally true, then your view is a distinct minority in world Christianity.
God did not write the New Testament. God did not hand any books, epistles, or scripture to humans.
The New Testament was mediated through humans. It's not a direct revelation. It is an indirect revelation at best. Humans are fallible, and humans weren't writing history and biography in first century Judea, in the way we are accustomed to history and biography.