Which of the following statements is (are)true regarding renters insurance?
I.Renters insurance is needed if you rent a house,but is not needed if you rent an apartment.
II.The ISO renter's policy provides open perils ("all-risks")coverage on the insured's personal property.
A)I only
B)II only
C)both I and II
D)neither I nor II

Question

Quizplus · Accepted Answer

Renters insurance is recommended whether you rent a house or an apartment, as it provides coverage for personal property, liability, and additional living expenses. The ISO renter's policy typically offers named perils coverage, not open perils coverage, for personal property.

Which of the Following Statements Is (Are)true Regarding Renters Insurance