The cost of basic rental insurance can vary depending on various factors such as location, coverage limits, deductible, and the insurance provider. However, as a general guideline, basic rental insurance typically costs between $100 and $300 per year. This can provide coverage for personal property, liability protection, and additional living expenses in case your rental property becomes uninhabitable due to a covered incident. It is recommended to obtain quotes from different insurance companies to get more accurate pricing information for your specific circumstances.
