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What Is Renters Insurance?

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What Is Renters Insurance?

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Peter Paul

Renters Insurance is an insurance policy which provides most of the benefits of homeowners insurance, with one notable exception. Renters Insurance does not include coverage for the dwelling, or structure, with the exception of small alterations a tenant may make to the structure.

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If you rent, rather than own your home, you need renter’s insurance to protect your valuables against fire and theft and also possibly safeguard against someone who might get hurt while on the property. That’s because your landlord’s homeowners policy won’t cover these things.

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