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In recent years, the cost for renters insurance has decreased annually. Would you expect this trend to continue? Why or why not?

Sagot :

Tundexi

I would not expect the continuous trend of decreasing annual cost of renters insurance because the world economy has been on meltdown, causing an inflation.

What is renters insurance?

This is a policy that covers losses to personal property and protects the insured from liability claim.

The normal trend is because the economy is performing well and premium are getting paid at constant rate.

In conclusion, the inflation ensuing from world economy will lead to an increase in the premium charged on the renters insurance.

Read more about renters insurance

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