How Does A Renters Insurance Deductible Work?

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    David G. Pipes, CLU®, RICP®
    Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
    The deductible on a renter’s policy only applies to the personal property.  If you suffer a fire, for example and some or all of your belongings are damaged, the company will estimate the value of your lost property and pay you that amount minus the deductible.  
    Answered on May 13, 2014
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