Renters Insurance is designed to include affordable insurance coverage that can help you pay for losses that occur in your residence due to burglary, fire, water damage from flooding or other occurrences. If you have valuables belongings, it may be a good idea to increase your protection.
When you file a claim for a covered loss, you may be responsible for a set amount, called a deductible, to repair or replace whatever is damaged or stolen.
Reimbursement provision means your belongings are covered for the amount it would take to replace them at the time of the claim. Premiums are usually higher for this coverage.