Sentences with phrase «cost of renters insurance policies depending»

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Renters insurance policies may vary in cost depending on the type of coverage and the amount of the deductible.

Depending on the type of policy you purchase, if your property is damaged due to a covered peril, your renter's insurance policy will reimburse you either the actual cash value or replacement cost value of your lost property.

In addition, the National Association of Insurance Commissioners estimates the average renter's policy, depending on location, contents, and size of the rental unit, costs between $ 15 and $ 30 a month.

Jim Armitage, an insurance agent in Arcadia, Calif., says a typical renters policy costs between $ 120 and $ 200 a year, depending on the value of the property that's insured.