 Posted: Tue Jun 13, 2006 5:12 am Post subject: Renter's Insurance Basics |
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Renter's insurance is a type of home insurance which protects the holder against the accidents, damages, and the losses that occur in a rented residence.
When you rent a house or an apartment, a renter's insurance will provide the financial protection against the loss of your possessions. The landlord's insurance will not cover the loss of your possessions due to fire or from any kind of destruction. In most of the cases renter's insurance will only cover the value of the belongings and that's why the cost of this insurance is relatively inexpensive.
The following losses are covered through the renter's insurance:
• fire
• lightning
• vandalism
• theft
• explosion
• windstorm
• water damage
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