Sample Insurance Policies

6-Person House in Suburban Northern Virginia

Here is an example of some different renters' insurance policies with different companies, and how changes to the coverage affect the premium.

Constants:

Wood frame with vinyl siding
No swimming pool or bike ramps
2 Miles to fire department
>1,000 ft. to fire hydrant
Heated by oil
No auxiliary heat
No Security
No in-home sprinkler system

Variables:

Personal Property Coverage: $30,000
Loss of Use Coverage: $9,000
Personal Liability Coverage: $300,000
Medical Payments Coverage: $2,000
Deductible: $1,000
Extra Valuable Items: None
Identity Fraud Expense Coverage: None
Water/Sewer Backup: None
Protective Devices: Deadbolt Locks, Fire Extinguisher, Smoke Detectors

Premium: $100/month

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