- The typical apartment renter's policy costs $150 to $250 a year.
- In most cases you need to buy a separate policy or rider on your renter's policy for flood and earthquake coverage.
- If you have a policy that pays actual cash value (ACV), in the case of a loss, your coverage will pay only for what your property was worth at the time it was damaged or stolen, not the purchase price or replacement cost.
- If you have a policy that pays replacement cost coverage, on the other hand, you will recieve compensation based on what it actually costs to replace the lost or damaged item.
- If your apartment becomes unlivable due to a fire, busted pipes, or any other reason that is covered by your policy, renters insurance will generally cover at least some portion of your temporary living expenses.
- A floater policy is an additional type of insurance that covers specific items such as jewelry, furs, fine arts, sterling silver flatware, antiques and other collectibles.
For more Renters Insurance Quotes and Prices, visit http://rentersinsurancesearch.blogspot.com/
