What should the deductible be for my renters insurance?

"I just got my first apartment and I'm planning to speak with an agent soon to discuss my renters insurance options. What kind of deductible should I be looking at?


“A standard deductible for renters insurance is $500, and most companies can even offer lower options. The main concern here is that you want to be able to access your coverage. It may be difficult to see a return with a deductible higher than $1,000, unless there is a large loss.
Since renters insurance is typically very inexpensive, lowering your deductible may not have a huge impact on your premium and it could be more beneficial to you as the insured.”
Savannah Grabek
Answered on Jun 16, 2021
Savannah Grabek is an expert in Personal Lines insurance. She has 5 years experience in the insurance industry. Savannah began her carrier working with just property insurance and is now tenured in all personal line including home, auto, motorcycle, boat and umbrella. She previously worked for GEICO and has now been working with Jerry insurance for the past year. Savannah lives in New York with her son, fiancé, and puppy Bear. In her free time she enjoys spending quality time with her family and hiking with her dog.

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