What Is A Deductible On Renters Insurance? 
Renters Insurance is also known as Tenants Insurance , it is a basic policy form offered by most insurers designed to provide contents coverage and liability protection in the event someone becomes injured at the residence . Renters Insurance has 2 sections of coverage ; the first covers the Personal Property Coverage and the second section covers the Liability and Medical Payments Coverage . Policies have various deductible options available ; the deductible only applies to the first section of the policy . The deductible is the amount deducted from the total amount payable to the insured in the event of a claim.It is important to note that insurance premium rises with a lower deductible and insurance premium is reduced with a higher deductible . This should be an important factor during the process of seeking Renters Insurance . Renters Insurance is usually less expensive than most people may think , a basic renters policy may cost between $ 150 $ 300 per year depending on geographic location and amount of coverage selected . Since consumers are increasingly wishing to handle business online , we have devised an online platform available to obtain a quote and buy renters insurance online in multiple States ; it may be used directly by Consumers . This technology provides an exemplary online experience for all ! WEBSITELINK It is important to contact a licensed professional to assure that any unanswered questions are satisfied . 