Q&A Topics

Thursday, March 27, 2014 11:35:21 AM

Does renters insurance cover all damages if there is a fire?

Renters insurance pays to replace your damaged possessions up to the limit of your policy, minus your deductible. For instance, if you have a $10,000 policy and a $500 deductible, the maximum payment you could receive is $9,500.

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Laura Adams is a personal finance expert, award-winning author, and consumer advocate. As Senior Insurance Analyst, she represents insuranceQuotes in the media and works to make sure consumers protect their financial futures by having the right kinds of insurance.

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