Why Is Renters Insurance Cheap?

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   David Osgood

   Agent, Rural Mutual Insurance Co., Union Grove, WI

   Part of the reason is that the carrier is only providing coverage for your personal property not the building. If the carrier was to have to provide coverage for the physical building also then they would incur a much larger risk of loss. The landlord or owner of the property is typically responsible for securing coverage for the premise which does not provide coverage for tenant's personal property.

   Answered on July 23, 2013

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