That's the amount of cash you pay of pocket prior to your coverage kicks in. The greater your deductible, the lower your premium. Real money worth occupants insurance will pay you the worth of valuables at the time of a claim, not the rate you spent for them or the rate it would cost to replace them. Replacement expense tenants insurance covers the cost of repairing or replacing the product at the time of the claim. Replacement cost occupants insurance coverage pays a lot more if you require to sue, however it also costs more. Get a tenants insurance quote without the confusion.