Renters Insurance Delaware

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In 2013, the average estimated cost of renters insurance in Delaware was $186 a year. Compared to that the average homeowners insurance is $780 a year in Delaware, thus renters insurance is cheaper than most people realize.

Comparing Renters and Owners Insurance in 2013 in Delaware

The landlord's policy does not cover renter's damages like burglary. There were 7371 burglaries reported in Delaware in 2012. So, to protect one from events like fire, burglary or other disasters renters insurance is required.

Renters Insurance Coverage Types:

Actual cash value policy:
This policy covers the depreciated value of the loss. For instance, that Personal Computers you bought for $750 might only be worth $380 six months later – and that's all you're going to get for it.

Replacement Coverage Policy in Delaware:

Estimated Renters Insurance for Different House Types in Delaware

House Type Median Rent Estimated Renters Insurance
Single Fam $1,200 $192
Duplex $930 $148
One Bed $900 $144
Two Bed $1,000 $160
Three Bed $1,200 $192
Four Bed $1,500 $240

Deductibles in Delaware:

In Delaware, by choosing a $500 deductible over a $250 deductible, an average of $20.46 can be saved on the insurance premium.