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In an August post on the X platform, formerly known as Twitter, he wrote, “Renter’s insurance coverage is dirt cheap. If you’re currently renting, take care of this today!
Renters can often get a reduced rate on their renters insurance if they bundle it with an auto policy. Additionally, you may earn a discount if the property has certain safety features.
The average cost of a renters insurance policy in 2023 was $148 per year, or about $12 per month, according to the most recent analysis by NerdWallet. That number’s based on a policy for a ...
Renters' insurance, often called tenants' insurance, is an insurance policy that provides some of the benefits of homeowners' insurance, but does not include coverage for the dwelling, or structure, with the exception of small alterations that a tenant makes to the structure.
The remaining 21.3% of home insurance policies were covered by renter's or condominium insurance. 14.8% of these had the HO-4 Contents Broad form, also known as renters' insurance, which covers the contents of an apartment not specifically covered in the blanket policy written for the complex. [13]
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