Business Development Officer, T.D. McNeil Insurance Services, Fresno, California
Because all insurance is based on the concept of “shared risk,” you could say that the cost is the total amount you would lose if you had your property destroyed or if you were sued. That is the cost if you chose to not insure your unit. If you insure the unit the cost then is your share of the possible losses of a large group of people. While that is a relatively modest amount it varies by a few factors, the primary being the amount of personal property that you want insured. Less property means lower premium.
Manager, Marindependent Insurance Services LLC, California
Thanks for the question, the ultimate cost really depends on a multitude of factors. However in a nutshell, renters insurance is typically not very expensive at all.
I have seen, in the past situations where the cost of the most basic renters insurance policy just about paid for itself from the discount when it was paired up with an Auto insurance policy, via an Auto/Renters discount.
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I have seen, in the past situations where the cost of the most basic renters insurance policy just about paid for itself from the discount when it was paired up with an Auto insurance policy, via an Auto/Renters discount.