That's the amount of cash you pay of pocket prior to your coverage begins. The higher your deductible, the lower your premium. Real cash worth renters insurance coverage will pay you the worth of personal belongings at the time of a claim, not the rate you paid for them or the rate it would cost to change them. Replacement cost occupants insurance coverage covers the cost of repairing or replacing the product at the time of the claim. Replacement expense occupants insurance pays out a lot more if you require to sue, but it also costs more. Get a tenants insurance coverage quote without the confusion.