Definition: The word "renters' insurance" refers to a type of insurance that covers rental properties such as apartments, houses, or other buildings. This policy typically includes coverage for damage to property caused by human or natural causes, theft, and personal injuries during use. In addition to covering these damages, renters' insurance may also offer coverage for specific types of repairs needed on the property (like painting or repairing walls) if they are not covered in the default coverage offered by a typical homeowners policy. The price of this type of insurance can vary depending on factors such as location, size, and type of property being insured. The term "AAA" is typically used to indicate that the insurance company offers a high rating or score for the coverage they provide. It's important to check with your agent or the insurance company directly if you are unsure about the specific details of the policy you're considering.
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