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Renters' insurance protects your stuff if its ruined or stolen. This is especially true if you're focused on making necessary repairs or figuring out the logisti. They need to make sure tenants will care. Consumers purchase homeowners insurance because it protects them in case their home is damaged or someone gets injured while at the home. You'll likely encounter moving expenses, security deposits, pet deposits and your first month's rent, among other things.

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Getting homeowners insurance is one of the most important things to do when buying a home.

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