Allstate’s renters insurance policy has a monthly premium of $1,100 and has a deductible of $2,000 for any reason, but it covers up to $5,000 of lost or stolen property.
So if you lose your car and can’t replace it, your policy covers your lost value, but the deductible for theft is up to the value of the car.
In this case, if you lost your house, but can’t get it repaired, you’re still covered.
That’s a good idea, since a lot of people don’t own a car, and it would be nice to be able to take it to the dealership for a service.
If you want to make it a little more complicated, you can use the policy to cover a loss or damage caused by fire, flood, or other natural disaster.
If the policy doesn’t cover damage caused to your property by an accident, it covers your damages to the property from that loss or destruction.
This could include: damages to your home caused by the fire or flood,